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The Israeli banking system keeps mounting challenges for bitcoin users, be they exchanges, miners or just traders, and keeps getting slapped for it by the courts. The latest example comes from Tel Aviv where a bank tried to deny incoming transfers from an exchange. Also Read: Israeli Bitcoin Mining Company Sues Bank for Closing Its … Read more
Despite already setting a precedent in a previous case, the Israeli courts system is again called upon to stop a bank from shutting down a crypto business. This time, Union Bank tried to refuse operating an account to a mining firm – a service all companies need to legally operate in the country. Also Read: … Read more
An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is … Read more
