According to the latest report, the State of São Paulo’s Court of Justice denied an appeal by a Spanish bank Santander, in a case against crypto exchange platform Mercado Bitcoin. In 2018 the Brazilian crypto exchange Mercado Bitcoin sued the Spanish bank for closing the exchange’s account. Santander bank stated that it had concerns regarding the source of the funds in the account and the nature of activities of the crypto exchange. Over one million Brazilian real was locked, but the court ordered to immediately release the funds. In addition, the bank is required to pay a monthly fine of