The antitrust regulator of Brazil is inspecting six major banks for monopolistic practices in the field of cryptocurrency.
The antitrust regulator, the Administrative Council for Economic Defense has launched a probe to find out whether the largest banks in the country have closed the accounts of brokerages working with bitcoin.
The investigation was launched based on a request of the Brazilian Blockchain and Cryptocurrency Association. There were some previous complaints about it as well.
Within the probe, the regulators will inspect main banks: Banco do Brasil, Banco Bradesco, Itau Unibanco Holding, Banco Santander Brasil, Banco Inter and bank Sicredi.