News
Kirobo’s new inheritance solution allows users to generate and execute an automated last will without the need for lawyers, government authorities or any other centralized entity.
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Israel News
Israel is a Middle Eastern country that declared independence in 1948. Israel is a representative democracy with developed political institutions and socio-economic structures. Israel is often considered to be the most advanced country in Middle East in industrial, technological and economic development. The leading exports of Israel are software, machinery, chemicals, textiles and agriculture. Israel is a platform for various blockchain startups. As technology adoption in Israel is fast, a lot of the population is actively using cryptocurrencies to trade, invest in ICOs and purchase goods and services. Considering these aforementioned factors, Israel’s tax authority has issued statements on cryptocurrency regulations. Cryptocurrency is not considered to be under the legal definition of currency and is taxed like a taxable asset. Miners and traders of cryptocurrencies are treated as businesses and are a part of those taxing regulations.
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Two Israel-based credit card companies, Max and Isracard, have started working on Bitcoin investment and cashback solutions via a credit card.
2498 - Newsletter
Janet Yellen calls on lawmakers to develop a consistent federal framework for stablecoins, Hester Peirce urges to allow room for failure, and more.
1672 - News
Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy.
2150 - News
Pepper Invest users can now buy, sell and hold Bitcoin and Ethereum, subject to regulatory approval.
3708 - News
Private banks could be required to conduct risk assessments on case-by-case basis.
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The Israeli government has confiscated 30 crypto wallets from a small exchange based in Gaza, where the Hamas militant group has bolstered its military.
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Israel's Capital Markets Authority reportedly never received a license application from Binance allowing the exchange to do business in Israel.
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The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses.
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Framed as a “war against black capital,” Israel’s Ministry of Finance estimates the new legislation could bring in $9.2 million in additional state revenues through tax.
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Hamas' efforts to raise funds via crypto had reportedly accelerated following the 11-day war between Israel and the organization in May of this year.
2306 - News
The NFT is a digital representation of the oath of office signed by Israel’s sixth president, Chaim Herzog, who is the father of President-elect Isaac Herzog.
2154 - News
Yoni Assia believes that unprecedented retail investor interest will push regulators to be more proactive about crypto regulation.
2973 - News
Analysts note that the occupied territories' macroeconomic and political conditions don't allow for a digital currency to operate as a means of exchange but stress its potential value at a symbolic level.
1929 - News
The Bank of Israel has experimented with using Ethereum and nonfungible tokens for a pilot as part of its ongoing digital shekel research, a local report claims.
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