Banks in Chile have closed the accounts for three of the country’s cryptocurrency trading platforms, sparking fears of an outright blanket ban in South America’s wealthiest nation.
Chilean Banks Put Cryptocurrency on Ice
Cryptocurrency exchanges Buda, Orionx, and CryptoMarket have filed appeals to a Chilean appeals court following the unexpected closure of their bank accounts from Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco del Estado de Chile. The appeals court has agreed to hear the exchanges’ cases.
The move from the three Chilean banks reflects what appears to be an overarching blanket ban on cryptocurrency exchange accounts in South America’s wealthiest country.
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Canada’s largest bank by assets as of April of last year, Toronto-Dominion Bank (TD Bank), said on Friday that it is “halting the use of its credit cards to buy cryptocurrency as it conducts a review of the ‘evolving market’,” Financial Post 
