In Israel, bitcoin holders have sued local banks for refusing to open accounts for customers who want to deposit money from the sale of cryptocurrencies.
Bitcoin holders are demanding that the central bank of Israel and commercial banks publish their policies regarding cryptocurrencies. The Israeli Bitcoin Association has filed a freedom of information petition with the Jerusalem District Court demanding to disclose ” internal documents of each of the Israeli banks regarding the funds received from the sale of cryptocurrencies.”
“In accordance with the Banking Law, the bank is obliged to disclose internal documents to the Bank of Israel, according to which it refuses to conduct operations. We contacted the Bank of Israel and requested this information, but the bank did not agree to disclose it to us. Therefore, we decided to go to court with a demand to force the Bank of Israel to provide us with a copy of the relevant documents,” said Jonathan Klinger, legal adviser of the Israeli Bitcoin Association.
He also stressed that local banks refuse to open accounts not only to individuals, but also to companies such as the Israeli Bitcoin Association, despite the company’s status as a non-profit organization.
Earlier it was reported that cryptocurrency investors living in Israel faced problems when paying taxes for cryptocurrency transactions – local banks refused to open accounts for such users