Re: Will courts forbid banks in denying service to Bitcoin?

Quote from: kingkats0803 on February 27, 2018, 09:04:46 AM

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

It's in Israel, but still a pretty big victory for crypto.

I don't see the same thing happening in the USA, though. I think that I've heard a major bank in USA that refuses to deal with funds that are sourced from a coinbase account and selectively making the life of their users miserable(that uses cryptos, of course).

Same thing happened a few years back with Australian traders: http://www.abc.net.au/news/2015-09-22/bitcoin-traders-claim-discrimination-by-australias-banks/6795782.

Hopefully, this can become a growing trend. Healthy competition such as bitcoin will only make banks step up their game more, in the end everyone benefits. Protecting the banks from these innovations makes no sense, apart from pure greed.