Bosnian court sides with Bitcoin miner in frozen bank account case

Italy’s second-largest slope UniCredit and the Bitcoin (BTC) mining workplace Bitminer Factory person faced each different successful the Bosnian metropolis Banja Luka court, which decided that the slope improperly closed the company’s relationship and indispensable compensate €131 cardinal (about $144 million) to the plaintiff. 

As reported successful La Repubblica connected March 27, the tribunal of Banja Luka held that a Bosnian subdivision of UniCredit didn’t person morganatic reasons to frost the operations of Bitminer Factory Gradiska LLC’s account. The Bitminer Factory estimated its losses astatine €131 million, asserting that the closure of its accounts had “hindered its archetypal coin offering (ICO) successful narration to a startup task successful the cryptocurrency mining assemblage with renewable vigor successful Bosnia and Herzegovina.” The tribunal accepted that number.

In its defense, UniCredit cited an “inability to bash concern with integer currency suppliers and speech platforms.” However, according to the court’s decision, this assertion didn’t find immoderate confirmation successful the bank’s written policies.

Related: Ukraine’s largest savings slope halts Bitcoin buys with hryvnia

UniCredit has already filed an appeal, dubbing the allegations arsenic unfounded:

“It is not final, nor binding, nor enforceable. Ucbl’s eventual liability volition lone beryllium determined upon the last result of each disposable procedural remedies and, successful immoderate event, not earlier the filing of a last and binding judgement by the tribunal of appeal.”

The erstwhile contention successful its relations to the integer assets has happened In January 2022, erstwhile UniCredit had to officially refute its ain tweet, stating that the did not inhibit its customers from crypto investments oregon person immoderate volition of closing their accounts connected that matter.