“I can’t pay alimony or buy cryptocurrencies,” says Brazilian with blocked bank account

A Brazilian cannot fulfill simple obligations because his bank account is blocked. Under his account it is not even possible to buy cryptocurrencies and pay the child support, worrying situations.

For example, failure to pay alimony is a crime that can lead to problems with the justice system in Brazil. Article 244 of the Criminal Code, which deals with material abandonment of the incapacitated for work, provides for a prison sentence of 1 to 4 years and a fine of up to 10 minimum wages.

This shows how overwhelming it can be for a person to lose their banking access while all their money is tied up in a financial institution.

In the case of cryptocurrencies, it is a problem not to buy them when the market falls, which has been the case for the past few months and the bank’s customer regretted this missed opportunity in his case.

“I can’t pay my daughters’ child support and I can’t even buy cryptocurrencies,” says Brazilian with blocked bank account

Cryptocurrency technology was born with a motto of financial freedom for the holders, which is not true in the case of banks, centralized institutions that manage their clients’ money, which can cause problems in the process.

This is because it is common for banks to block client accounts for various reasons and in Brazil many of these targets are cryptocurrency traders. And in a recent case, a man in São Paulo court reported that he had his bank account blocked by Banco Original.

This institution, founded by the J&F Group, the same owner of Friboi, would according to your customer, causing him difficulties in fulfilling his obligations, including the most essential ones, such as taking care of his daughters. He even sought support to resolve the situation, but as he received no response, he urgently asked for help from the judiciary.

†The complainant states, in summary, that he is an account holder of the bank of the defendant and uses the application to carry out his transactions and financial transactions. He says he finds himself unable to execute his financial transactions because they are in “under analysis” status and have not been finalized. She states that she contacted the defendant, but did not receive a solution to the problem. He states that he cannot fulfill his obligations, make payments, transfers, applications and investments in cryptocurrencies, including having difficulty paying his daughters’ alimony.†

Customer wanted to buy game tokens in IDOs and claims to have lost BRL 1 million with account blocking

With his account locked down, the Banco Original customer stated that he was unable to send his funds to the Binance broker to buy BNB. With this coin, he planned to buy new tokens to launch in the cryptocurrency market, in the process called IDO.

In his request, he claimed that he missed a great opportunity to buy the cryptocurrency Facebook Metaverso (FACEMETA), which registered a huge market valuation in just a few hours.

Another missed opportunity he gets was the CryptoGuards IDO, which took place on December 15th. At that point, his bank account was already suspended and he lost more than R$1 million in this episode where he was whitelisted alone.

He even asked for BRL 1 million in repairs, but later claimed that the correct amount is only BRL 50,000, with BRL 20,000 for moral damages and another BRL 30,000 for outgoing damages. The case will be even better analyzed quietly by the judiciary.

Justice disagreed with urgent account unlock

And even with the money arrested by the institution, the account holder couldn’t get the judge analyzing the case to sympathize with his problems. The judge who analyzed the case rejected the urgency request and asked Banco Original to appear after the client had paid the legal costs.

In this case, the judge also stated that the evidence presented by the client is scant and that he must add elements to support his report.

Since Banco Original has not yet been named in the lawsuit, the institution’s judgment is unknown at this early stage of the process.