After two years of legal battles, The Supreme Court ruled for a crypto exchange - page 2.

CryptoBry

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Quote from: jonathan6655321 on June 04, 2019, 03:12:22 PM

Great News! A huge victory for the crypto community.
After two years of legal battles, the Supreme Court ruled last night that Bits of Gold will continue to hold an account at Bank Leumi (One of the largest banks in Israel)

Good news for Bits of Gold and of course this can have positive ripple effects in the cryptocurrency community of Israel (which is booming and has a good future ahead). Bits of Gold offers buying and selling services of Bitcoin and Ethereum in exchange for ILS, USD and EUR via bank transfers, cash and credit cards, that is having a good bank account to connect it to the traditional financial system can be so critical. I am sure this ruling can be a watershed in the crypto history in the country.

Leonardo7

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I love the nation of Israel, it's the most advanced nation in the middle east, and a powerhouse in terms of technological and scientific advancement. The supreme court just confirmed the worth of the nation of Israel. Good one from the beloved country of the most High God. Freedom for all.

Astvile

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What a great news for the crypto community of Israel,and the owner itself,Its a good start for the exchange that they have approval from the bank this exchange will surely get attention after this and will become a bigger exchange compared to what is it now.

Yakamoto

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Quote from: jonathan6655321 on June 04, 2019, 03:12:22 PM

Great News!

A huge victory for the crypto community.
After two years of legal battles, the Supreme Court ruled last night that Bits of Gold will continue to hold an account at Bank Leumi (One of the largest banks in Israel)

Source

That's a really good start for that exchange, considering that they probably don't have much political power and live solely at the whim of the governments and markets. Either Bits of Gold has a very good lawyer or the Supreme Court is being somewhat generous these days. As for why the Supreme Court had to decide whether this company could maintain a bank account in Israel is beyond me, but I'm not going to argue the point.

Hopefully, this sets a good precedent for similar cases in the future, but courts can be fickle depending on who's doing the judging. Ideally, anyone else who goes through this situation won't be involved in it for two years and it can be resolved before it gets to the Supreme Court.

HiBlocks

newbie

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I remember back in late 2017 when crypto was on fire, Israel PM Netanyahu made a viral video where he said the banking system as is was going to be gone. New technologies like blockchain are going to play a major role in moving forward. When your PM is talking like this about Banks and Blockchain you know this is a country that embraces new technologies. Good for Israel.

Ailmand

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It's good news for the whole crypto community. I didn't expect that even the supreme court would agree to accept cryptocurrency and a crypto exchange. It has been a long battle and it's all worth it. More adoptions and acceptance will surely follow.

jonathan6655321

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Great News!

A huge victory for the crypto community.
After two years of legal battles, the Supreme Court ruled last night that Bits of Gold will continue to hold an account at Bank Leumi (One of the largest banks in Israel)

Source

Topic: After two years of legal battles, The Supreme Court ruled for a crypto exchange - page 2. (Read 377 times)