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The Supreme court of Israel took a decision in support of the cryptocurrency exchange, Bits of Gold by issuing a temporary injunction that forbids the Bank Leumi to stop the activity of the bank account of the local crypto exchange that marks a small victory for the crypto community.
In Israel bitcoin transactions affected early in Dec as Bank Leumi blocked “Bits of Gold”
A few months earlier, in December, the second largest bank of Israel, Bank Leumi blocked the payments to Israel bitcoin exchanges. A number of users already have their payments stopped from the banks blocking bitcoin payments, where a user also notified the blocking of his credit payment to a bitcoin purchasing service called Coinmama. He attempted the payment through Leumi Card which is the credit branch of the Bank Leumi that claimed the action has been made in accordance with the order of the Bank of Israel.
In response the Leumi Card said:
“We act in accordance with the provisions of the law and the company’s risk management policy.”
