The crypto ban in Israel has been termed illegal by the country’s Attorney general, Dr. Abihai Mandelblit. He rejected the two years courts ban on cryptocurrency transactions in banks and financial institutions. He mentioned further that every crypto transaction should be handled individually to find out cases of money laundering. Reportedly, Mandelblit also said that banks in Israel could not place an embargo on cryptocurrency transactions as not every crypto linked transaction involves money laundering. He said that banks are also charged to look into risks of money laundering and ban suspected individual transactions and not an outright crypto ban
