Israeli supreme court prohibits banks from blocking crypto activity

israeli's supreme court decided yesterday (26 feb) that Leumi bank can not block the activity of the crypto broker BitsOfGold. That means that the bank can't limit any accounts associated with the crypto industry.

It seems like israel is taking the Bitcoin regulation into the next level and even israeli's tax authority reported last week that it would consider cryptocurrencies as property in terms of taxes. Moreover, in august 2017 the Israeli Securities Authority panel announced that they would regulate the ICO's too.

The israeli bank also said that they release their own cryptocurrency that would be tied to the shekel(ils).