Israeli banks are facing lawsuits brought by domestic cryptocurrency enthusiasts. A recent freedom of information request demonstrates how Bitcoin holders in the country want more clarity regarding bank policies on cryptocurrency trading. Most banks there, like in much of the world, are cautious when banking blockchain companies, which makes life difficult for enterprise businesses in the blockchain industry.
In recent years, Israel has become a hotbed for cryptocurrency activity. Increasingly, people aim to obtain cryptocurrency, and this is often done through a bank account. For Bitcoin enthusiasts, this proves to be rather problematic in the country.