Cryptocurrency traders from Israel have filed several lawsuits against banks due to the restrictions that were imposed on their bank accounts, Globes reports.
As it states, Israeli crypto traders are demanding that the Bank of Israel and the commercial banks "should make their policy in this matter public."
A Globes' source familiar with the matter states that this week was taken a lawsuit, demanding from the central bank of Israel to disclose to the Bitcoin Association copies of policy documents from each of the banks in Israel concerning assets from the crypto space.
However, the Chairman of Bitcoin Association, Meni Rosenfeld said that the Bank of Israel had refused the Bitcoin Association's request due to "commercial secrets."
Earlier this year, the Central District Court in Lod, Tel Aviv, accepted the Israeli Tax Authority’s interpretation of bitcoin (EXANTE: BTC.EXANTE) to be an asset, not a currency.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.