Israel’s Supreme Court has ruled in favor of crypto exchange Bits of Gold in its legal battle with Bank Leumi, the country’s second-largest bank. The ruling means Bank Leumi has to open banking services to the exchange, although the bank has objected to the decision in principle, per a report on Finance Magnates.
The news outlet quotes Bits of Gold CEO Yuval Roash who commented on the ruling and what it meant for the crypto community in Israel.
“We worked hard to set up a company which met regulatory requirements, in a new industry, and those efforts paid off. I am proud to be a part of this flourishing industry and push it towards the right regulation,” he said.