Brazil: Ministry of Justice Establishes Administrative Inquiry for Determination of Offences to the Economic Order

On September 18, 2018, the Administrative Council for Economic Defence (CADE), which operates within the Ministry of Justice, issued a technical note in relation to a complaint filed by the Brazilian Association of Cryptocurrencies and Blockchain (ABCB) against certain national banks, including Banco do Brasil SA, which are allegedly restricting competition in the banking system by making access to the essential infrastructure difficult for cryptocurrency brokers.

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