The Civil Court of Brasilia have allowed the Brazilian cryptocurrency exchange, Bitcoin Max to keep their bank account open with Banco Santander. The court has clarified that the bank haven’t meet its obligation to notify the cryptocurrency company regarding the closure of its bank account in advance. But exchange’s claim for compensation for moral damages was dismissed.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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