RATE Group | Israeli Bank Attracts Lawsuit for Refusing Bitcoin Investors
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Israeli Bank Attracts Lawsuit for Refusing Bitcoin Investors

09 Aug Israeli Bank Attracts Lawsuit for Refusing Bitcoin Investors

Posted at 17:57h in Bitcoin News by

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A bitcoin investor is suing Israeli bank Hapoalim as part of a class-action lawsuit over service refusal.

Ross Gross claims he was not able to pay his capital gain taxes on time to the Israel Tax Authority because Hapoalim refused to deposit his bitcoin profits in his bank account. Gross reportedly met with the bank officials and showed them a 70-page file of his bitcoin earnings – but they denied him services anyway. As a result, Gross’ profits are now stuck in a Swiss bank account, with no means of reaching Israel.

“The bank says becuase its bitcoin and its too complicated, they can’t deal with it,” Gross said in an interview to BlockTV.

The investor further shared the difficulties he faced with the Israel Tax Authority. The agency put a lien on his Hapoalim bank account, home, and even a scooter. Gross stated that his taxmen knew about the problem, but said they had no authority over Hapoalim. The lien on Gross bank account now stands lifted.

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