$144M Litigation From Crypto Firm To Italy’s Largest Commercial Bank

One of Bitminer Factory’s subsidiaries filed a $144 million lawsuit against Milan-based Italy’s largest commercial bank, UniCredit.

According to a report by local news site La Rapubblica, UniCredit is owned by Bitminer Factory. illegally closing crypto accounts and a district court in Banja Luka, Bosnia and Herzegovina, declared that UniCredit Decided to pay 144 million dollars compensation gave.

According to the statement made by Bitminer, the crypto money accounts in the Banja Luka branch of UniCredit in Bosnia Everyone were closed and the bank was closed. published a report on cryptocurrency mining. According to Bitminer, this move was made in order to prevent a new project to start, and the company using renewable energy stated.

The firm’s Bosnia and Herzegovina It is stated that he established a mining company here with the thought that electricity prices are low. Stating that UniCredit has not been involved in crypto money earnings before, Bitminer later said that the bank’s will not serve crypto currency transactions He said he explained.

Not all banks are against cryptocurrencies, in fact, many large banks are taking part in blockchain technology recently. For example, UK-based banking giant HSBC partnered with The Sandbox to become the first global bank to enter the metaverse had explained. In addition, Bank Leumi, one of the two largest banks in Israel, through its digital platform Pepper Invest. will begin offering cryptocurrency trading to its customers. had announced.

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