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Israeli BTC Bitcoin fans have officially filed a petition asking the country's banks to disclose their internal policies regarding the proceeds from the sale of cryptocurrency, reports Globes.
This decision follows a series of lawsuits against financial institutions that refuse to accept money generated by the sale of digital currencies such as Bitcoin.
Israeli banks have even prevented cryptocurrency operators from opening accounts. The Bitcoin Association of Israel told reporters that the Bank of Israel (the country's central bank) had even declined a previous request to publish its official digital currency policy, calling the details "trade secrets" .
"In recent months, we have taken action to obtain each commercial bank's policy on cryptocurrency deposits. We believe that there is a general policy of refusal to accept money, but the regulator does not help us to get this policy, "legal adviser of Bitcoin Association, Adv. Jonathon Klinger told Globes.
Bitcoin traders also sue
In addition to filing Freedom of Information data, the Bitcoin Israeli Association is funding a "court case" to force the local Union Bank of Israel to accept a deposit of money from the sale of Bitcoin.
The petition reportedly stated: "The bank did not carry out a review of the petitioner's particular situation. As far as the bank is concerned, the fact that the money comes from the sale of bitcoin is sufficient to preclude the possibility of depositing it on the petitioner's account. "
Worse still, the Bank of Israel has not yet authorized the Association to manage its own bank account, although the group focuses solely on the promotion cryptocurrency technology, do not buy or sell.
According to the association, the reason for the persistent refusal is that the word "Bitcoin" appears in its name.
Earlier this month, the local Haaretz outlet announced that the country's tax administration could not collect 300 million shekels ($ 85 million) of unpaid taxes generated by the sale of Bitcoin and other digital currencies. – and that's because Bitcoin fans are totally excluded from the banking system.
This problem has also affected Bitcoiners (and their families) in the United States. Last year, a hedge fund manager who invests in the cryptocurrency space declared that Bank of America had closed. three years account of his daughter because of his "connection" with the sector, citing his supposedly dangerous "risk profile". "
Posted on August 19, 2019 – 16:19 UTC
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