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https://bitcoinnews.com/?s=.comIsrael%20Supreme%20Court%20Rules%20in%20Favor%20of%20Crypto%20Exchange%20vs%20Bank

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Transcript:

0:00:00 Israel Supreme Court Rules in Favor of Crypto Exchange vs Bank

0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “BitcoinNews.com”.

0:00:11 The Supreme Court in Israel has ruled that local cryptocurrency exchange Bits of Gold was in the right in a legal battle between the company and an Israeli bank over the rights to maintain access to banking services.

0:00:22 As reported by CoinDesk, the decision that arrived yesterday resulted in an order for Bank Leumi to resume access of its services to Bits of Gold.

0:00:31 Earlier, the bank had barred the accounts of the exchange, deeming crypto-related businesses as gambling companies.

0:00:37 A few months ago in February, the Supreme Court had made a temporary injunction, so the firm was in fact still able to use the bank’s services since then, although now this legal victory will mean that it can operate freely and permanently.

0:00:49 “We worked hard to set up a company, which met regulatory requirements, in a new industry, and those efforts paid off.

0:00:56 I am proud to be a part of this flourishing industry and push it towards the right regulation”.

0:01:01 This event will be seen as a watershed moment in Israel for the recognition of cryptocurrency enterprise.

0:01:07 Just last week, the Middle Eastern nation had declared that Bitcoin and other crypto were assets, and not currency.

0:01:14 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “BitcoinNews.com”, who originally published this news update on their website.

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TODAY NEWS – TODAY NEWS – The Central Bank of Israel mulls release of digital currency faster payment

JERUSALEM Reuters The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made. The source, who spoke on condition of anonymity, also said the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light. The emergence of bitcoin and other…

Source: https://www.reuters.com/article/us-israel-cenbank-currency/israel-central-bank-mulls-issuing-digital-currency-for-faster-payments-idUSKBN1EI0D5

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Hot News – Hot News – The Central Bank of Israel mulls release of digital currency faster payment

JERUSALEM (Reuters) – The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made. The source, who spoke on condition of anonymity, also said the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light. The emergence of bitcoin and o…

Source: https://www.reuters.com/article/us-israel-cenbank-currency/israel-central-bank-mulls-issuing-digital-currency-for-faster-payments-idUSKBN1EI0D5

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