Brazil’s Administrative Council for Economic Defense (CADE) started on Tuesday an investigation targeting some of the country’s largest banks as the antitrust regulator suspects them of using their market position to limit cryptocurrency trading to the detriment of brokers and crypto exchanges, Reuters reports.
CADE is investigating alleged monopolistic activities from Banco do Brasil, Banco Santander (MC:SAN) Brasil, Banco Bradesco, Itau Unibanco Holding, Banco Inter, and cooperative bank Sicredi.
The inquiry was requested by the Brazilian Assoc...
This article appeared first on Cryptovest