Israeli Supreme Court Backs Crypto: Forces Banks to Allow Trading

[kreslik.news]

The Israeli Supreme Court reached a decision today in the crypto space, requiring banks to allow trading, and prohibiting them from limiting the bank accounts of companies associated with the industry.

The Supreme court issued a temporary court order to prohibit Israel’s Leumi Bank from limiting in any capacity the bank account of Israeli crypto company Bits of Gold, which acts as a broker (exchange) in facilitating the buying and selling of digital assets.

As exclusively reported by Finance Magnates at the time, Leumi Bank made a decision in December of last year that was heavily scrutinized by crypto enthusiasts. The bank ... (read more)