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Author Topic: 2013-06-11 Israeli banks resisting bitcoin exchanges  (Read 683 times)
ganabb
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June 12, 2013, 06:10:06 AM
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http://www.coindesk.com/israel-banks-resisting-bitcoin-exchanges/

It’s no secret that Bitcoin represents a huge change in the way we exchange money and that this challenges established financial institutions. That has led to a noticeable amount of push-back from banks and governments.

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June 12, 2013, 06:19:02 AM
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Important to note: they are resisting by forbidding their individual clients to wire money to MtGox.

This is an unprecedented attack. Previous attacks targeted the exchanges themselves.
Mike Christ
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June 12, 2013, 06:20:51 AM
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Important to note: their are resisting by forbidding their individual clients to wire money to MtGox.

This is an unprecedented attack. Previous attacks targeted the exchanges themselves.

They'll only increase tension with such actions.

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June 12, 2013, 07:15:42 AM
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There's a straightforward way to solve the problem of Israeli banks blocking international wires to foreign Bitcoin exchange accounts:

1) Locate Chinese and Russian importers willing to pay for Israeli exported goods with Bitcoin.

2) Accept BTC from foreign customers, sell BTC on domestic exchanges for NIS.
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