News
The Bank of Israel released a preliminary design for a digital shekel, detailing its ecosystem, technical framework and regulatory considerations.
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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.
- News
On Dec. 31, Israel’s asset managers will launch six mutual funds tracking Bitcoin’s price movements.
3983 - Analysis
Localized geopolitical conflicts are rising with global risks looming.
5697 - Follow up
Increased emigration from Israel has led to fears of a brain drain.
3059 - News
Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts were restricted.
15878 - Newsletter
United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121.
8603 - News
The AI firm has terminated accounts linked to several alleged foreign covert influence operations.
1767 - News
The Bank of Israel launched the CBDC experiment taking inspiration from the Project Rosalind carried out by the BIS Innovation Hub.
4007 - News
Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.
45712 - Markets News
The price of Bitcoin briefly went under $60,000 for the second time this week after reports of explosions at an airport in central Iran.
6252 - News
Bank of Israel deputy governor Andrew Abir is eager for the digital shekel to shake up commercial banks.
10481 - News
Bitcoin and other cryptocurrencies fall sharply following Iran’s attack on Israel.
38622 - News
Although plans for a shekel CBDC have been in place since 2021, no pilot tests have since carried forward.
19282 - News
No specific crypto addresses were listed in the sanctions, which included members of the Shamlakh family and the Herzallah Exchange.
3786 - Opinion
The Wall Street Journal corrected its misreporting about crypto funding Hamas, but it was too late to stop lawmakers from amplifying false claims.
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