Re: Will courts forbid banks in denying service to Bitcoin?
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
Looks like court is having their own account in the crypto currency.
Well, Jokes apart I do believe that court has taken this decisions out of the public interest where they might fear that people may start taking the wrong pathways of investing into the crypto currency and thus disturbing the nations proper protocols or regulations etc. This step looks to me very much planned because mostly governments and banks or financial institute have good synchronisation of internal things. The same thing happened with the Indian banks where the local banks disputed the crypto currency exchanger accounts but when asked to the RBI they said that they never published any notice to the smaller banks for banning the crypto currency accounts like that. So you see they are all independent of decisions! That could happen and might have happened in the Israeli. But good news for the crypto holders over there.