Despite this growing pressure by the banks, there are some individuals and businesses who are trying to fight back by utilizing the courts. One such business is Bits of Gold who has recently been embroiled in a legal battle against the Israeli bank, Bank Leumi.
Recently, the Israeli Supreme Court reached a decision, temporarily forbidding the bank from preventing Bits of Gold to conduct their banking activity.
Youval Rouach, the CEO of Bits of Gold commented on the Supreme Court’s decision, stating:
“The court’s decision enables us to focus on continuing to establish the crypto community in Israel, and we will continue to lead the field in order to give digital coins the place which they deserve in the Israeli economy – as a tremendous growth engine for hi-tech and the financial industry. ”
In the meantime, to fill the void created by these hostile banks, a number of existing and newly created banks are going all in on cryptocurrency, providing support and banking services to businesses and customers who may have been rejected by the more hardline banks.
This article, explore the crypto friendly banks options that are available in 2019.
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