Two major Brazilian banks have reopened the banking accounts of one of the local crypto exchanges experiencing banking issues recently, local crypto outlet Portal do Bitcoin reports Wednesday, Oct. 31.
The preliminary decision to reopen accounts in major banks Banco do Brasil and Santander (MC:SAN) Brasil for local crypto exchange Bitcoin Max was granted by the Federal District Court. The judge ruled that the mentioned banks failed to notify the exchange of account closure, which was treated as “abusive conduct” violating consumer protection rules. The court then ordered to unlock the accounts within five days.