On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
According to the court, Sber had no reason to keep the account service blocked after the client provided detailed information about his Bitcoin trades.
The state of cryptocurrency regulation in Russia has taken another twist as a local court has ordered the country’s largest bank to resume account support for a Bitcoin (BTC) trader.
Sverdlovsk regional court, a court in Russia’s fourth-largest city of Yekaterinburg, has ordered Sber, formerly known as Sberbank, to unblock account services to a client involved in Bitcoin trading, according to an official announcement on Monday. The client’s bank accounts processed multiple transactions associated with trades on cryptocurrency exchanges from May to August 2020.
Sber blocked the individual from access to their bank accounts, citing suspicious transaction activity and Anti-Money Laundering policies. The bank also refused to resume the service after the client attempted to regain access to their accounts by providing detailed information about their Bitcoin trades on crypto trading platforms.
The client later filed a complaint to a city court and a subsequent appeal to Sverdlovsk regional court, accusing Sber of violating consumer rights.
According to the latest ruling by Sverdlovsk regional court, Sber had no reason to keep blocking the account service and limit the customer’s access to remote banking and bank cards after the client “disclosed the economic meaning of the transactions and indicated the source of funds.”
The court ruled that Sber must unblock the client’s bank cards and resume remote banking services, also ordering the bank to reimburse the customer’s legal costs. The court still denied the client’s claim for moral damages, noting that the plaintiff “did not use his bank accounts and cards for purposes that provide for the possibility of compensation for moral damage in connection with the violation of property rights.”
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Sber is a state-owned Russian bank and the largest banking institution in the country. The bank is known for supporting a negative stance on Bitcoin, with CEO Herman Gref arguing that cryptocurrencies like BTC are the riskiest type of investment alongside the equity market. Sber’s criticism of Bitcoin comes in line with an anti-crypto stance by the central bank of Russia, which has been reportedly withholding local banks from offering crypto services.
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