Because to a ruling reached by a court in Israel, more than 150 bitcoin wallets that have been deemed to have potential links to the funding of terrorist groups will likely have their entire balances wiped out as a consequence of this verdict.
It has been reported that the Magistrate Court in Tel Aviv has handed down a judgement that grants the Israeli government permission to confiscate all of the cryptocurrency that is stored in the more than 150 digital wallets that it has banned due to the suspicion that they are aiding terrorist organizations. The reasoning behind the ban is that the government believes that these wallets are providing support to terrorist organizations.
On the 18th of December, local Israeli media reported that Israeli Defense Minister Benny Gantz stated that the court’s order from the 15th of December has already enabled police to take an additional $33,500 from digital wallets that are related to the…
