Orionx losses at Chilean SC

Orionx losses at Chilean SC

Orionx crypto exchange has lost a case in Supreme court of Chile which gave green light to state-owned bank Banco del Estado to close its account. Further, the judge also claimed that cryptocurrencies have no physical manifestation and no intrinsic value and crypto was involved in money laundering and terrorism financing. Earlier the High court had guaranteed protection to Orionx’s account.

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