Brazil's Banco Bradesco bank refuses to comply with agreement that prevents it from closing crypto exchange accounts

Banco Bradesco, one of Brazil's major commercial banks, refused to honor any agreement that prevented it from closing crypto exchange accounts. Banco Bradesco Bank believes that digital assets pose a serious risk of money laundering. Therefore, the bank chose not to comply with the requirements of the Brazilian Cryptocurrency and Blockchain Association (ABCB) that banks should not close crypto exchange accounts.