A victory for the cryptocurrency community in Israel

A victory for the digital currency community in Israel.


The Supreme Court today issued a temporary injunction prohibiting Bank Leumi from halting the activity of Bits of Gold bank account linked to trading in Bitcoin.

In recent years, the company has been in a principled struggle against Bank Leumi, which asked to close the bank account despite the firm and proper conduct of the company, just because the company is engaged in trading in Bitcoin and digital coins.

High Court of Israel Justice Baron:
"The Bank's decision is based on the assumption that the Company's activity does indeed entail risks that arise in violation of the provisions of the law, and therefore the Bank is liable to pay a price for the materialization of those risks. For over five years in which the account has been operating, these concerns have not materialized. as the District Court has determined, the company acted transparently and did not violate any provision of law."


Full Decision >> http://bit.ly/BitsDecision

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2018-03-07

A victory for the cryptocurrency community in Israel

A victory for the digital currency community in Israel.


The Supreme Court today issued a temporary injunction prohibiting Bank Leumi from halting the activity of Bits of Gold bank account linked to trading in Bitcoin.

In recent years, the company has been in a principled struggle against Bank Leumi, which asked to close the bank account despite the firm and proper conduct of the company, just because the company is engaged in trading in Bitcoin and digital coins.

High Court of Israel Justice Baron:
"The Bank's decision is based on the assumption that the Company's activity does indeed entail risks that arise in violation of the provisions of the law, and therefore the Bank is liable to pay a price for the materialization of those risks. For over five years in which the account has been operating, these concerns have not materialized. as the District Court has determined, the company acted transparently and did not violate any provision of law."


Full Decision >> http://bit.ly/BitsDecision

Bits of Gold team.