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Israeli Supreme Court Rules in Favor of Cryptocurrency Exchange in Bank Dispute

The Supreme Court of Israel has declared that Leumi Bank cannot block the cryptocurrency exchange Bits of Gold’s account on the grounds of regulatory concerns, according to a report by Finance Magnates on June 3.Despite the Supreme Court’s ruling against Leumi, the bank reportedly maintains its stance against dealing

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Cryptopia Liquidator Files for User Data Protection at US Court as Process Continues

Liquidators of defunct New Zealand cryptocurrency exchange Cryptopia have applied to secure user data stored in the United States as part of refund proceedings, a statement confirmed on May 27.Cryptopia, which suffered a hack in January, has spent months cooperating with law enforcement worldwide in an effort to control

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Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains

An Israeli judge has ruled that bitcoin (BTC) is an asset and not a currency, local news site Globes reported on May 21.The judgment is significant because it means profits made by selling the cryptocurrency will now be liable to capital gains tax, Globes notes.Noam Copel, who founded the blockchain startup DAV, had bought

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New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction

Justice Joel Cohen of the New York Supreme Court has granted the Bitfinex cryptocurrency exchange’s motion to modify an injunction from the New York Attorney General (NYAG), Bitfinex announced on May 16.Per the announcement, the court order will allow Bitfinex and affiliated stablecoin operator Tether to continue their normal

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