Israel develops new ‘bitcoin’ currency (Illustrative). (photo credit: JPOST STAFF) In a move that may open the door to a boom in Israeli cryptocurrency trading and blockchain innovation, the Supreme Court ruled last week that one of the country’s largest banks could not shutter a digital currency broker’s bank account until a public regulatory review can be completed.The court’s temporary injunction on February 26 forbids Bank Leumi from indefinitely closing the bank account of Bits of Gold, a company which hosts trading and currency exchange in bitcoin, ethereum and in other cryptocurrencies, all powered by blockchain technology.

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