The Banks are clearly feeling the pressure from the BTC, and the crackdown is a normal response.
Most people still hold the currency for conversion or investment, so they have to rely on traditional Banks to invest in digital money!
Now many countries have started to levy taxes on digital currency, which has given legal status to BTC.
Topic: Will courts forbid banks in denying service to Bitcoin? - page 2. (Read 225 times)
I hope that will be the case in our country also. Although regulations have been started to be drafted and an appbased exchange platform have been formalized by the central bank in the country, I still would wish it will happen that supreme courts would intervene in the non-denial of bank services to exchange business outlets.
But what's happening in Israel is a major milestone in the foundation of bitcoin and alts.
But what's happening in Israel is a major milestone in the foundation of bitcoin and alts.
it is an interesting move from their court to force banks to accept the existence of cryptocurrencies.
I don't think the same thing is going to happen elsewhere too. and I think it is a good thing, this can create a nice little competition among banks. imagine all the investors in cryptocurrencies who have their accounts in different banks and some of these banks don't allow transactions to and from cryptocurrency exchanges, so people simply close their accounts with these banks and move on to the other ones that are friendly and offer the services they want.
it is a competing market everywhere.
I don't think the same thing is going to happen elsewhere too. and I think it is a good thing, this can create a nice little competition among banks. imagine all the investors in cryptocurrencies who have their accounts in different banks and some of these banks don't allow transactions to and from cryptocurrency exchanges, so people simply close their accounts with these banks and move on to the other ones that are friendly and offer the services they want.
it is a competing market everywhere.
Israeli supreme court issued temporary injunction order forbidding a bank from halting the account activity of bitcoin exchange firm. This has been seen as a major victory of cryptocurrency industry and may set example to other businesses struggling to get bank services.
So given that, will courts of other countries follow suit in forbidding banks to deny services to bitcoin exchanges?
Share your thoughts guys.
https://news.bitcoin.com/israeli-supreme-court-forbids-bank-denying-service-bitcoin-exchange/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
So given that, will courts of other countries follow suit in forbidding banks to deny services to bitcoin exchanges?
Share your thoughts guys.
https://news.bitcoin.com/israeli-supreme-court-forbids-bank-denying-service-bitcoin-exchange/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
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