Leumi Bank Must Stop Obstructing Financial Operations Of Crypto-Exchange

[icytalk]

The Israeli Supreme Court reached a decision today in support of local cryptocurrency exchange Bits of Gold. The temporary court order was issued by the Court to one of Israel’s largest financial institutions, Leumi Bank. Generally speaking, the decision means banks are required to permit cryptocurrency trading, and are prohibiting from limiting the bank accounts of companies associated with the industry.

[piloder]

Searched for source of the news above and found some links which verifies the above statement. Sound quite good move from the Israeli court in the support of crypto trading.

https://www.coindesk.com/israeli-supreme-court-rules-for-bitcoin-broker-in-bank-dispute/
https://www.inverse.com/article/41775-bitcoin-israel-ruling-spark-price-crypto
https://cointelegraph.com/news/israeli-supreme-court-prohibits-banks-from-restricting-crypto-activity-in-landmark-decision

[JerryJam]

In Israel, there is a law prohibiting the conduct of gaming business. Leumi monitors web sites and block gaming transactions. The owners of these cards are forbidden to carry out operations associated with the gaming payments. Currently, the issue of the settlement of the new industry is being resolved. In casette with cryptocurrency.

[alyssa85]

In Israel, there is a law prohibiting the conduct of gaming business. Leumi monitors web sites and block gaming transactions. The owners of these cards are forbidden to carry out operations associated with the gaming payments. Currently, the issue of the settlement of the new industry is being resolved. In casette with cryptocurrency.

So you are saying they weren't blocking bitcoin, but the customers of Bits of Gold were gaming and "somehow" the bank knew this? Sounds tenuous, and clearly the Israeli Supreme Court thought so too.