Israeli Supreme Court Stops Bank From Closing Crypto Exchange's Account
The Hammer has been struck guys and it's the Hammer of the Israeli Supreme Court that has struck in favor of a Local Cryptocurrency Exchange. In early 2018 when Banks started suspending accounts of Local Cryptocurrency Exchanges the Supreme Court of Israel did forbid the Banks to do that but the Banks did it anyways and now it has come back to haunt the Banks.
The Supreme Court of Israel has now forced the Banks to accept the Business that is being brought by the Cryptocurrency Exchanges and now the Banks are literally forced to obey. The three Supreme Court Judges that presided over this Case also said
The exchange will continue its operations with “virtual coins” in compliance with any future regulations if and when those will be issued.
This is a piece of great news for Cryptocurrency Enthusiasts in Israel and the only thing that could have made me even happier would be if the Supreme Court of India reaches towards the same Verdict.
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@arunava, We need to see this change because we need more and more regulations and power policies which empowers people and not depress them.
Let's hope that this will be a learning aspect for the world and it will add more value to Cryptocurrency Space.
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