2013-06-11 Israeli banks resisting bitcoin exchanges

[ganabb]

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.

[1715185557]

1715185557

[caveden]

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]

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.

[justusranvier]

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.