Banks Are Not Allowed To Ban Services To Crypto Firms Israel’s Says Attorney General

Israel’s Attorney General disapproves court’s blanket ban on crypto-related transactions in banks and financial institutions. The AG disagrees blanket ban on banks which states for any case of money laundering should be handled individually to check. Precisely Abihai said it is the bank’s responsibility to check of any money laundering risks on each individual transaction instead of placing an industry wide ban on any crypto activity.

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