Italian banking giant UniCredit has been ordered to pay a fine of around $144 million for allegedly closing the accounts of a cryptocurrency mining company.
A subsidiary of the crypto mining company Bitminer Factory has filed a lawsuit against UniCredit’s bank accounts being closed, and UniCredit’s branch in Bosnia and Herzegovina will pay 131 million euros ($144 million), according to the Bosnia and Herzegovina local city Banja Luka District Court fine.
The Bitminer Factory subsidiary accused UniCredit of wrongly closing its current account held at the bank’s local branch in Banja Luka. The court said the bank could not provide evidence of any written rules preventing financial institutions from establishing business relationships with crypto companies. Currently UniCredit An appeal has been lodged against the verdict.