Israel News and Articles

In November 2021, the Israeli authorities introduced mandatory licensing of crypto companies. Blockchain startups and bitcoin exchanges must register with the Capital Markets Authority database to operate legally on the domestic market. The first crypto exchange received a license from the Israeli...

Leading Israeli bank Leumi will become the first Israeli bank to allow crypto trading. The digital investment app of the institution, Pepper Invest will provide the possibility in partnership with blockchain technology company Paxos. According to the Israeli media portal Ice, crypto trading will...

The Israeli authorities have decided to tighten control over companies representing the cryptocurrency industry. Local startups and bitcoin exchanges are required to obtain a license granting the right to operate on the domestic market. Such enterprises must be registered in a special state...

Israel National Intelligence agency Mossad recently posted a list of current vacancies on its official website. In the list of specialists that the department needs was also a "cryptocurrency expert" with at least three years of experience in the field of financial technologies. Based on...

Israel has adapted Ethereum blockchain technology for a pilot project to study the central bank's digital currency (CBDC). During the experiment, the IT department of the Bank of Israel created digital wallets through which employees can transfer "virtual shekels" to each other. No real...

The Bank of Israel told about the beginning of testing the digital shekel. As the deputy head of the Central Bank Andrew Abir noted, the national digital currency (CBDC) will be issued only by the regulator. All operations with such a tool will become as transparent as possible. Testing is already...

Israeli press announced that in two months Tel Aviv-based Investment House Altshuler Shaham boosted $100 M by investing into the Grayscale Bitcoin Trust (GBTC). The move came at the end of 2020 when BTC was purchased at about $21.000. Altshuler Shaham is the only establishment in Israel that...

The Israel Tax Authority (ITA) has required crypto owners to reveal their assets and profits. According to the newspaper, dozens of Israelis got notifications from the ITA. The department also sent requests to local and foreign crypto exchanges with the requirement to transfer information about the...

Four members of the legislature of Israel find it better if digital assets would be taxed as a fiat. Presently, Bitcoin is taxed 25% while converted into fiat, or 15% for short-time funders. According to officials, if the bill accepted, Israel’s 25% capital gains rate on bitcoin will no longer...

Israeli banks should not refuse services to cryptocurrency companies, said Avichai Mandelblit, legal adviser to the Israeli government. This was reported by Cointelegraph with reference to local media. In his opinion, banks should carefully study each case to identify signs of the risk of money...