Bitcoin traders in Israel fight bank lockouts with petition, lawsuits

Israel‘s Bitcoin fans have formally lodged a petition that demands the nation’s banks disclose internal policies for dealing with proceeds of cryptocurrency trading, Globes reports. The move follows a series of lawsuits filed against financial institutions that refuse to accept money generated by selling digital currency such as Bitcoin. Israel‘s banks have even reportedly blocked cryptocurrency traders from opening accounts altogether. The Israel Bitcoin Association told reporters that the Bank of Israel (the nation’s central bank) had even declined a previous request to publish its official policy for digital currency, referring to those details as “commercial secrets.” “In recent months, we have…

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