Israel’s largest cargo shipping company Zim has opened its blockchain platform to all clients in select trades, following a successful pilot.
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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The head of Israel’s National Economic Council has denounced Bitcoin as “intrinsically inefficient,” predicting it will disappear.
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Cryptocurrency mining giant Bitmain and major crypto exchange Huobi have reportedly confirmed plans to lay-off staff.
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A team that includes representatives from the central bank of Israel has published a formal request for information on Distributed Ledger Technology.
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GMT, which describes itself as Israel’s “largest” financial player, is joining Ripple’s network, alongside names such as MoneyGram.
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Orbs, an Israeli blockchain startup, has received an investment from South Korea’s largest messaging app operator Kakao.
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by Ana Berman
Chinese mining giant Bitmain will close its Israeli blockchain and AI development center, letting its 23 local employees go.
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Cryptocurrencies are “Ponzi schemes,” while blockchain is “important,” says former Israeli prime minister.
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Israel’s first dedicated crypto investment firm for institutional investors has launched two new funds this month, and expects to have $50 million in AUM by the...
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A dedicated focus group says that Israel’s central bank should “continue examining the field” prior to making a firm commitment in releasing a digital currency.
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Per a recent report by crypto research firm One Alpha, Israel-based startups raised $606 million through ICOs as of the third quarter of 2018.
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Israeli-based blockchain firm StarkWare Industries has received $30 million from such industry players as Intel Capital and Sequoia USA.
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Israel’s national securities regulator has started using blockchain to improve the cybersecurity of its messaging system.
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by Ana Berman
Switzerland’s officials visit Israel to request access to local market for Swiss banks, share notes on blockchain and cryptocurrency regulations.
- Analysis
The UAE’s utopian blockchain plans, Palestine’s national cryptocurrency plans and more.
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