Post
Topic
Board Press
Re: 2013-04-11 Israeli banks limit money connected to bitcoin.
by
ripper234
on 10/06/2013, 21:22:46 UTC
Just to be sure I understand, they have refused to wire a portion of your own legitimate savings to a third party of your choice? Period?

So:

1)   If you owed me $7,500 and wanted to repay me by wire, would that be ok?

2)   If I, living in another country, choose to convert my $7,500 into some clothing, a mountain bicycle, vintage wine and some BTC, that is presumably outside the jurisdiction of any Israeli business?

3)   If I later choose to donate some BTC from my bank to your electronic wallet, surely that is also outside the responsibility of a competing Israeli bank?

If my premises above are correct, I can only suggest you move your savings to a different bank.  
    

Yes, this is pretty much it, as absurd as that sounds.

Fortunately I personally have another bank account in Israel, which has allowed me to send money to Mt. Gox recently. But - in any case, I am actively working on getting myself an account with a foreign bank.

I have just filed a claim to the "supervisor on banks" (המפקח על הבנקים) to understand what's the general regulatory situation. Will post updates as I get them.