Israeli Courts Come to Defence of Cryptocurrency
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Israeli Courts Come to Defence of Cryptocurrency
Israeli courts have ruled against Israeli banks in two cases concerning cryptocurrency this week.
Union Bank
A lawsuit was initiated yesterday against Union Bank, the sixth largest bank in Israel, by a Bitcoin mining company called Israminers.
Reportedly, the bank unilaterally decided to block the firm’s account from receiving money from a Bitcoin exchange called BIT2C, and even returned money already received from this exchange. It also blocked Israminers from purchasing mining hardware and told the company that it had 30 days to close its account.
Israminers had been a customer of the bank for three months before this happened.
One of the founders of ... (read more)
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