Report: Israeli Bitcoiners Petition Banks to Disclose Crypto Policies
Cointelegraph
Published Aug 19, 2019 04:47PM ET
Updated Aug 19, 2019 05:01PM ET
Report: Israeli Bitcoiners Petition Banks to Disclose Crypto Policies
The Israel Bitcoin Association, a nonprofit organization that promotes the use of Bitcoin (BTC) and cryptocurrencies, has reportedly filed a freedom of information petition with a Jerusalem court. The petition purportedly seeks to require local banks to disclose their policies on money originating from digital currencies.
Local news daily Globes reported on Aug. 19 that state banks are required to report reasons for refusing transactions to the country’s central bank, the Bank of Israel. The association previously reached out to Bank of Israel, asking for clarification on the cryptocurrency policies of commercial banks, but were reportedly refused.
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Written By: Cointelegraph
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