Israel’s Hapoalim Bank refused to accept $273,000 from 70-year-old retiree Esther Freeman’s Bitcoin (BTC) profits. The bank states that it cannot accept the amount due to regulatory policies.

Amid uncertainty on crypto regulations, Esther Freeman has been waging a legal battle against the Hapoalim Bank since 2021.

Israeli Citizen Bank

Freeman and Israel’s second-largest commercial bank finally agreed to settle a two-year-old dispute. Each party should pay their own legal fees as a part of the settlement. However, the exact terms of the agreement are not yet known.

In 2021, Freeman, who has been a client of Hapoalim Bank for 40 years, sued her bank for refusing to accept the deposits from her Bitcoin profits. 

Freeman’s principal investment amount had increased more than a hundredfold since she first purchased Bitcoin in 2013.

Freeman invested 10,000 shekels (approx $2,700) in Bitcoin (BTC) via a third party in 2013. At the time, digital asset exchanges were not widely available. Therefore, Freeman could not simply buy her Bitcoins through a crypto exchange like she does today.

According to a CTech Go to Source to See Full Article
Author: Harsh Notariya

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details