Post
Topic
Board Bitcoin Discussion
Re: Will courts forbid banks in denying service to Bitcoin?
by
kingkats0803
on 27/02/2018, 14:30:03 UTC
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

Israeli court has ordered such temporary injunction because Israel government legalized crypto business in their soil and imposed taxes on it.

This.

Once a legislature has legalised bitcoin, then a bank refusing to provide services to a crypto business is acting discriminatorily, and is breaking the law. And teh courts are there to enforce the law.

The courts can't help those in countries where the govt has not legalised bitcoin. And in places like China which is a dictatorship that hasn't got independent courts, good luck with getting the courts to do anything Xi doesn't want.


Too bad for those countries, hopefully their leader will have a change of heart and order banks himself to not deny bitcoin and other cryptos the services they need.
Hopefully other countries will start accepting bitcoin, and then start considering steps in legalizing it.