The Supreme Court of Israel says Leumi Bank cannot block Bits of Gold’s account due to regulatory concerns, setting precedent for other crypto organizations.
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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by Thomas Simms
The ruling is a setback for crypto entrepreneur Noam Copel, who will now have to pay tax on $830,000 in profits he made by selling bitcoin.
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Israeli police and the United States Federal Bureau of Investigation have arrested at least two men and reported others.
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Ant Financial has participated in a $10 million Series A round and partnered with QEDIT.
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The District of Arizona Attorney is seeking to retain a defendant in custody in a case of allegedly shadow banking in custody as they are concerned he could fle...
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The U.S. Attorney for the Southern District of New York has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency companies.
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The militant arm of Hamas is reportedly using increasingly complex measures to frustrate authorities’ attempts to track the flow of its cryptocurrency financing...
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The Technion has filed a civil suit against a faculty member for allegedly profiting from the technology he developed while working at the institute.
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An indictment has been filed against Afek Zard in Israel over the alleged theft of 74.990.74 Dash from his roommate.
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ZenGo uses new forms of transaction signing to simplify the crypto experience for non-technical new crypto users
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Blockchain smartphone startup Sirin Labs laid off a quarter of its workforce.
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Israeli cryptocurrency mining firm Bitfarms will reportedly be delisted from the Tel Aviv Stock Exchange due to losses incurred during last year’s bear market.
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by Ana Berman
Singapore-based exchange KuCoin partners with payment processor Simplex to allow users to purchase crypto with credit cards.
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According to a cybersecurity company, Israeli fintech companies are being targeted by malware.
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A judge in Tel Aviv has delivered a mixed verdict as part of a case involving Israminers and Union Bank.
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