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.
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 thr...
Israeli gov’t seeks to track crypto holdings above $61K
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.
Israeli defense minister authorizes seizure of Hamas-tied crypto accounts
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.
Israel to welcome 11th president with oath of office on NFT
Yoni Assia believes that unprecedented retail investor interest will push regulators to be more proactive about crypto regulation.
Expect even more oversight of crypto from regulators, says eToro
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 str...
Palestine monetary authority mulls digital currency as ‘political signal‘
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...
Bank of Israel steps up CBDC efforts with reported tests on Ethereum
Despite the pilot, the central bank's deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a "pyrami...
Bank of Israel deputy governor confirms digital shekel pilot is underway