Image Image Image Image Image Image Image Image Image Image Image Image

| November 18, 2018

Scroll to top

Top

investigation Archives -

CNN

France launches nationwide investigation after babies born with missing or malformed limbs

November 1, 2018 |

France has launched a nationwide investigation into abnormal rates of babies born with missing or malformed limbs in several regions, after 11 new cases were identified.
CNN.com – RSS Channel – World

TMZ

Lil Xan Gun Threat from St. Louis Rapper Under Criminal Investigation

October 28, 2018 |

A terrifying gun threat made against Lil Xan earlier this month — that triggered a concert cancellation — is now the subject of a criminal investigation … TMZ has learned. Law enforcement sources tell us cops are investigating a series of…

TMZ.com

CNN

Anderson Cooper questions Saudi investigation fairness

October 20, 2018 |

CNN’s Anderson Cooper discusses the fairness of the Khashoggi investigation and the theory of “rogue killers” that President Trump has been resorting to.
CNN.com – RSS Channel – World

Interpol President Resigns After China Says He Is Under Investigation

October 8, 2018 |

Chinese authorities said Interpol President Meng Hongwei is under investigation for violations of the law, days after his wife reported him missing to French authorities.
WSJ.com: What’s News Europe

TMZ

‘Ray Donovan’ Actor Pooch Hall’s DUI Arrest Triggers DCFS Investigation

October 5, 2018 |

“Ray Donovan” actor Marion “Pooch” Hall’s wild DUI arrest this week — during which he was allegedly so wasted he let his 2-year-old steer his car — immediately caught the attention of children’s services … TMZ has learned. Law enforcement…

TMZ.com

FBI Investigation Delays Vote on Kavanaugh

September 29, 2018 |

The fight over Supreme Court nominee Brett Kavanaugh took another unexpected turn when Sen. Jeff Flake forced a delay of up to one week on a Senate vote, to allow the FBI time to investigate allegations of sexual assault against the judge.
WSJ.com: What’s News Asia

Yale Under U.S. Investigation Over Admissions of Asian-Americans

September 27, 2018 |

Officials are investigating whether Yale illegally discriminates against Asian-American applicants.
WSJ.com: What’s News Asia

Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

September 20, 2018 |

Brazil's Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions shutting down accounts of brokers trading cryptocurrency without merit.

Also read: Zimbabwe’s Golix Battles To Grow Volume After Breaking Into Seven African Countries

Banks Probe To Fish Out Monopolistic Practices

The Administrative Council for Economic Defense (CADE) said on September 18 that it had started a probe of six of Brazil’s biggest banks for alleged malpractice in the trade of cryptocurrencies.

Brazil's Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

According to a report by Reuters, the Brazilian transparency and competition body is looking into allegations of “monopolistic practices” within the cryptocurrency industry “that could be limiting the action of brokers.”

“In fact, the main banks are imposing restrictions or even prohibiting … access to the financial system by cryptocurrency brokerages,” CADE is quoted as saying.

Banks under investigation include Banco Santander Brasil SA, Banco Bradesco SA, Banco do Brasil SA, Itau Unibanco Holding SA and Banco Inter and Sicredi, the report says.

Brazil is a groundswell of cryptocurrency activity in Latin America. The number of people trading bitcoin or any other cryptocurrency has soared from a few dozen thousands two years ago, to about 1.4 million today. More than $ 2.4 billion worth of bitcoin was traded in the country last year, up from just $ 160 million in 2016.

In January, the Brazilian Securities and Exchange Commission stopped local investment funds from buying digital coins because “cryptocurrencies cannot be qualified financial assets.”

The Commission, however, made a U-turn immediately after, allowing for indirect ownership, meaning Brazilians could buy into crypto-related investment funds. Even politicians are talking about bitcoin. A candidate for the presidential election set for next month is already talking of legalizing bitcoin.

 Bank Accounts Closed Down Arbitrarily

The Brazilian Association for Cryptocurrency and Blockchain (ABCB) complained to CADE that “banks were abusing their power as financial players by closing accounts of brokerages trading in bitcoin.”

Brazil's Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

Banks denied the charge, saying “that the accounts were closed because of the absence or lack of client data that is required by law to prevent money laundering,” Reuters reported.

Our contact in Brazil told news.bitcoin.com that “many banks are closing (crypto) exchange accounts with no explanation.”

Do you think that the Brazilian banks are acting fairly? Let us know what you think in the comments section below.


Images courtesy of Shutterstock, Coin 2001


The Bitcoin universe is vast. So is Bitcoin.com. Check ourWiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

The post Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade appeared first on Bitcoin News.

Bitcoin News

Kavanaugh accuser Christine Blasey Ford demands ‘full investigation’ by FBI before testifying, in letter from her lawyers

September 19, 2018 |

Christine Blasey Ford, the California professor claiming Supreme Court nominee Brett Kavanaugh sexually assaulted her more than 35 years ago, late Tuesday demanded a “full investigation” by the FBI before she will attend any congressional hearing or “interrogation” into her accusations.
FOX News

Criminal investigation could hurt Tesla fundraising and recruitment

September 18, 2018 |

Elon Musk is often called a visionary, an innovator, a genius. A U.S. Department of Justice investigation will determine whether he also committed a crime.

The Justice Department is investigating whether public statements made by Musk and Tesla — the electric car company he runs as chief executive…


L.A. Times – Business