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Israeli Banks Freezing Crypto Accounts
Israeli cryptocurrency investors are having a hard time making cryptocurrency deposits into their bank accounts. A report from Israeli media Ha’aretz, says the financial institutions unfamiliar with the technology are declining deposits obtained from crypto. Consequently, a large portion of digital currency holders in the Middle Eastern nation now cannot pay their taxes. Besides the lack of familiarity with emerging technologies, crypto investors have other odds stacked against them. There are, for instance, terrorist financing and money laundering concerns. There have been reports that terrorist groups have asked ... (full story)
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