[2018-01-09] Central Bank of Israel Refuses to Recognize Bitcoin

[Rick Nolan]

The Deputy Governor of the Bank of Israel Nadine Baudot-Trajtenberg revealed on Monday the central bank’s official position on the recognition and regulation of cryptocurrencies. The central bank official also admitted fielding a number of public complaints about banks making it difficult to move fiat money from their accounts to purchase cryptocurrencies while adding it would be difficult to issue regulations for cryptocurrencies.

Source: https://hype.codes/central-bank-israel-refuses-recognize-bitcoin

[Qartersa]

Well you know these actions are within the power of the government of Israel by virtue of what is termed in our jurisdiction as "police power". They can cause stoppage at will if such actions would run counter the benefit of the common good. Of course, it is for the government of Israel to determine what is good from bad in regard its national economy. Perhaps these kind of decisions are not new to us, especially those that run cryptocurrencies for a living. This is something acceptable even if it is against our will because we all know from the start that Bitcoins and other cryptos alike are not regulated across borders.