Norway’s Largest Bank Has Won a Case Against a Local Cryptocurrency Exchange
The district court of Oslo has ruled in favor of the country’s financial market giant Nordea Bank. Given the possible emergence of issues concerning money laundering and other illegal businesses, the bank has a legitimate right to close the account of the cryptocurrency exchange Bitmynt AS.
“The court finds it clear that this risk constitutes an objective reason for the bank to deny customer relationships under the Financial Contracts Act §21,” the Norwegian court stated.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/norway-bank-won-case-against-cryptocurrency-exchange/