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Unicredit Bank condemned to pay € 131 million because they closed the account of a miner

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by COINS NEWS 174 Views

The original news is in Italian, I translated it with Google translate so sorry if there are mistakes. Here is the link for reference: https://www.coinsider.it/2022/03/28/unicredit-paghera-e-131-milioni-per-danni-causati-ad-un-miner-bitcoin/

The court of Banja Luka, one of the most important cities in Bosnia-Herzegovina, sentenced Unicredit to pay the consideration of over 131 million euros for closing the current account of a mining company, called Bitminer Factory. .

Although the story comes from abroad, the protagonists are all Italians: Bitminer Factory is in fact a company owned by an Italian entrepreneur, based in Bosnia-Herzegovina due to lower electricity costs compared to Italy. However, the company's registered office remains in Italy, in Sesto Fiorentino.

The news of the sentence by the court emerges from the 2021 financial statements just published by Unicredit, which adds that the compensation was requested by the company for the alleged damages suffered "following the allegedly unjustified closure of its current accounts by Unicredit Bank a.d. Banja Luka, a company controlled by the parent company Unicredit in the Serbian Republic of Bosnia and Herzegovina. Bitminer asserts that the closure of its accounts would have hindered its Initial coin offering (Ico) in relation to a startup project in the cryptocurrency mining sector with renewable energy in Bosnia and Herzegovina ".

submitted by /u/Trevigol
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