Hapoalim Bank has filed to dismiss Esther Freemans claims after rejecting the $320k profit she made from holding Bitcoin. Leading Israeli bank, Hapoalim Bank, has recently filed a letter of defense to dismiss the claims of the 69yearold pensioner, Esther Freeman, to allow the deposit of $320k profit she made from a $3,000 Bitcoin investment nearly nine years ago. According to a Thursday report by a local media outlet, the bank claims that its insistence on denying the deposit was because of cases where digital currencies are used to facilitate money laundering and terrorist financing. Hapoalim Bank Rejects $320k Deposit from Crypto Profits Earlier in November 2021, Freeman filed a lawsuit against the bank, demanding the entity to declare that the source of money invested in Bitcoin is “known, clear, and supported by references.” In a statement, the bank noted that it was impossible to trace the money path in connection with Freemans crypto purchase in 2013. It added that it has not been able to make a connection as to when she moved the funds from her account towards the purchase of the bitcoins. “We can only confirm receipt of funds if the funds used to purchase the cryptocurrency and the proceeds from the same account are used and returned. The plaintiff failed to meet this requirement,” the bank said. I am. Hapoalim also pointed out that there is no substantive evidence of BTC purchases as Freeman purchased cryptocurrencies in cash from individuals rather than from registered exchanges.
Failure to Provide References
“The plaintiff did not gift real references to the acquisition fee of the digital currency.” – reads the brand new report.
Additionally, the financial institution stated that on the time of purchase, the Israeli monetary regulator, the Bank of Israel, had mandated banking corporations now no longer to simply accept deposits of price range from crypto transactions.
For the aforementioned reasons, Hapoalim Bank argued that it have to now no longer be pressured to simply accept the deposit of price range acquired from cryptocurrency transactions, thinking about the monetary dangers related to them.
In response, Freeman`s legal professional said, “It may be very unlucky to discover that Bank Hapoalim has determined to salary a sour strugglefare on its longtime customer, a pensioner, whose most effective choice is to get hold of in her financial institution account cash that belongs to her and originates from virtual cash she offered a few years ago.”
