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Chile's anti-monopoly court ordered state bank Banco del Estado de Chile and Itau Corpbanca to re-open Buda’s accounts. A group of exchanges in Chile filed legal action against the banks’ decision to shut down their accounts.
Buda CEO Guillermo Torrealba emphasized that there are no laws, rulings, or legislation that prevent crypto firms from operating normally, rather the banking sector has taken on the role of a hegemonic regulator, stating “Chile is showing its "B" side, that of being an extremely conservative country, even though we make huge efforts for the world to see us as liberals.”