Brazil’s Antitrust Agency Probes Banks For Closing Crypto Accounts

News | September 19, 2018 By:

The Administrative Council for Economic Defense (CADE), Brazil’s antitrust regulator, is investigating six major national banks for allegedly using their market position to undermine the performance of crypto brokers.

In June of this year, the Brazilian Association for Cryptocurrency and Blockchain (ABCB) filed an administrative motion against the country’s largest banks,