RATE Group | Israeli Bitcoin Mining Company Sues Bank for Closing Its Account

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Israeli Bitcoin Mining Company Sues Bank for Closing Its Account

06 May Israeli Bitcoin Mining Company Sues Bank for Closing Its Account

Posted at 22:15h in Bitcoin News by admin

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Mining

Despite already setting a precedent in a previous case, the Israeli courts system is again called upon to stop a bank from shutting down a crypto business. This time, Union Bank tried to refuse operating an account to a mining firm – a service all companies need to legally operate in the country.

Also Read: This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator

Israminers vs. Union Bank

Israeli Bitcoin Mining Company Sues Bank for Closing Its Account Union Bank of Israel, Ltd. (TLV: UNON), the sixth largest Israeli bank, has been slapped with a lawsuit by a local cryptocurrency mining company. Israminers Ltd, accuses the bank of unilaterally deciding, after three months of operations, that it will no longer allow the company to accept funds from bitcoin exchanges, and…

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Account, Bank, Bitcoin, Closing, Company, Israeli, mining, sues

Israeli Bitcoin Mining Company Sues Bank for Closing Its Account

06 May Israeli Bitcoin Mining Company Sues Bank for Closing Its Account

Israminers vs. Union Bank

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