The rules of the Israeli court against one size impose all the bitcoin restrictions by the bank.

Instead, this court said that before deciding whether to open or not open accounts, banks need to consider specific types and scope of the crypto-related activity. The Israeli court ruled on March 17, 2019 that banks cannot impose blanket restrictions against all accounts linked to cryptocurrency. They eventually closed the account because most of the money in the account was related to bitcoin. This case was initiated in May 2018 in Ukraine against a Union Bank of Israel by a bitcoin mining company Israminers. This bank refused to accept deposits in the company's account.

Its policy and it was not told that it would create a problem. As a result, it was decided in 2014 as soon as possible to refuse to provide services related to virtual currency. It put the convenience of money laundering in jeopardy. The position of these banks was that they allowed crypto-related activity in accounts. This Israeli government agency which is oversees the banking industry. These banks argued in the court that it had informed the bank's supervisor.

This is according to the list of Israeli newsletters. If its bank has a valid reason to believe that customers can demand money. It is unfair that he has adopted "sweeping policy" for banks. Although it was on March 17, 2019, in which judge Lim Bibi wrote that the bank's policy was very broad. It said that Bibi also wrote that the banks are within their rights to refuse to provide services to customers working in the crypto economy. Which they has banned all activity related to bitcoin or other crypto.

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These reports encourage the government to support crypto companies. If they can violate the law, but banks can not ban deposits or accounts because they include crypto. In essence, this court has upheld the rights of banks to refuse to provide services for crypt-related activities. While they are insist on the importance of disclosure and inspection of crypto activity. If this roughly speaks the ruling align with the recommendations issued by Israel's financial regulator regarding the crypto economy at the beginning of this month.
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