Remember The Israeli lady who made fortune in her crypto investment ($3k into $320k) now her bank refusing to deposit her money because Bank says the source of funds might have related to money laundering or terrorist financing!

This is another level of customer discrimination by the one of the largest bank in Israel,Hapoalim Bank. 8 years ago,A retired lady, Esther Freeman deposited her $3k to a Crypto-fiat platform,from her only bank account,to buy Bitcoin. She holded her Bitcoin strong for 8 years made huge fortune out of her $3k, the 3k is now $320k.

She cashed out her Crypto and wanting to transfer the fiat the same way she did 8 years ago,from Crypto-fiat platform to her bank account, she thought it would be smooth but to her surprise the same bank she has account with from years refusing to deposit her money because Bank says

the source of funds might have related to money laundering or terrorist financing

The characteristics of virtual (i.e., digital) currencies allow them to be transferred anonymously and unsupervised, often bypassing the need to use the financial factors that apply to the anti-money laundering and terrorist financing regime

She has been a loyal customer to the bank, never had any suspicious activity in her bank account still her bank is harassing her like she did some crime. Now she have to fight a legal battle with her bank to get her own money.She needs her money to help her one of the kid, but bank is not letting her to do that because bank thinks the funds came from some illegal activities.

Can you imagine that one of the largest bank of a country is doing that because she made huge gains via Crypto the only reason bank denying the deposit.

Are banks not aware of the Crypto markets, or just pretending that they don't know how Crypto works?

I think Bank denying the deposit because they just cant digest the fact that it is very possible to turn $3k into $320k in Crypto.

She hired a lawyer to fight this case to get her money back !

Back in May, A Bank call the police on a senior citizen because he wanted to withdraw all his money to invest in Crypto!

Incidents like these are going to increase,this could happen with you and me because it is getting very hard for banks to digest the facts that there are decentralized platforms where an average person can deposit the money and earn more interest as compared to the banks.,make more profits than Bank's investment products!

This is just clear discrimination by a financial institution because the customer is invested in Crypto and made huge gains.

In case anyone wants to read the news https://cryptopotato.com/israeli-bank-refuses-to-deposit-over-300000-earned-from-a-bitcoin-investment-report/