The Sao Paolo court decided against Binance in a case in connection with the revocation of users - Exchanges

18. Januar 2023

Krypto News Österreich

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A court in Sao Paolo, Brazil, decided against Binance in a case in which the leading cryptocurrency exchange was confronted with a complaint in connection with payments. A user who submitted a lawsuit against the stock exchange because he could not call up his money from the platform received almost $ 2,000 damages and the paid funds in September.

Binance loses a lawsuit in Sao Paolo

Local dishes have started to deal with cases in connection with the exchange of cryptocurrencies in Brazil. Binance, one of the largest cryptocurrency exchanges on the market, lost a case in September that was due to the inability to process payments for a customer in Sao Paolo.

according to the latest Approval submitted that the stock exchange could not process a payout of almost $ 14,500 during a period in which Binance had suspended direct deposits and withdrawals in the country. The affected customer informed the court that the funds were used to pay health costs.

The court decided in favor of the customer, the stock exchange indicated that the outstanding withdrawals were carried out, and attributed almost $ 2,000 moral compensation. Judge Rafael Almeida Moreira de Souza, who was responsible for the case, said:

values are essential for the survival of the applicant. Reduction for intangible damage should serve to compensate the victim and also punish the perpetrator so that a similar behavior does not repeat.

metropoles, a local newspaper, reported on another similar case that was solved in December 2021 when a judge ordered an exchange to enable a customer to withdraw funds that were blocked due to his alleged relationship with a hacker attack.

Rauferei with Capital

The case is the consequence of Binance in June, the payment provider of the exchange in Brazil, the processing of Binance orders. The company has updated its platform to meet the requirements that the Central Bank of Brazil introduced to enable third parties via its PIX payment network.

The situation prompted Binance to announce that they would take legal action against Capitual because of this service. At that time, Capitual explained that other exchanges in the country used that Binance had failed to adapt its tech platform to the new legal requirements.

The lock, which lasted over a week, ended with the recording of a new temporary payment partner called Latam Gateway, while Binance was Explore the opportunity to acquire Sim; Paul Investimentos, a brazen company regulated by Brazil.

How do you assess the judgment in this case? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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