Event
The adviser to the deputy governor and CBDC project manager spoke at Fintech Week Tel Aviv on how a recent CBDC experiment proved efficient in cross-border transactions.
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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.
- Follow up
Israeli crypto users will soon have a new means of regulated crypto trading, but the local ecosystem is not convinced that this is what the crypto industry needs.
7311 - News
Israel’s sole public stock exchange wants to allow its clients to trade crypto but faces regulatory resistance.
3252 - News
Evidence found that Australians were among the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.
14839 - News
The Israeli startup Chain Reaction raised $70 million in its pursuit of developing blockchain chips.
2536 - Interview
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon.
5673 - News
After tasking multiple committees over the years, the Israeli Authority is ready for public comment on its proposal of crypto legal framework
7296 - News
Over 150 crypto wallets blacklisted for alleged links to the funding of terror groups can now be drained of all funds following a ruling by an Israeli court.
16232 - Analysis
Crypto-friendly cities throughout the world report growth and innovation despite recent events.
10620 - News
The chief economist said the Supervisor of Financial Service Providers and the Israel Securities Authority should be granted more powers to oversee the industry.
5847 - Analysis
There are a number of benefits associated with tokenized government bonds, yet adoption may take time.
10245 - News
The five-year plan includes tokenizing various classes of digital assets and smart contracts.
2681 - News
Israel's Ministry of Finance and the Tel Aviv Stock Exchange expect to finish the pilot project by Q1 2023.
3209 - News
Earlier this week, the Israeli crypto exchange became the first crypto firm in the country to receive a license enabling it to work with local banks.
2688 - News
It’s believed that Israel will neither be the first nor last country to impose such measures.
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