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.
At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month.
Telecoms protocol from 1975 exploited to target 20 crypto executives
“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states.
Israeli regulators propose Bitcoin be taxed as a currency, not an asset
Israel will have its first central securities lending platform this November, built on blockchain technology.
Tel Aviv Stock Exchange to Launch Blockchain Securities Platform
A two-year-old Israeli blockchain startup says it has found a way to cancel crypto transactions if they are sent to the wrong wallet address.
An Israeli Blockchain Startup Claims It’s Invented an ‘Undo’ Button for BTC Transactions
Even Vladimir Putin was not able to save this Dark Web mastermind who ran an elite invite-only cybercrime club.
Even Putin Couldn’t Save This Dark Web Mastermind From Prison
Israel-based Sapiens reportedly paid in Bitcoins for a ransom requested during an attack that reportedly happened between March and April.
Israeli Software Firm Goes Behind Regulator's Back to Pay $250,000 in BTC Ransom
U.S. and Israel-based firms were charged for promoting fake investment schemes and defrauding customers of $15 million.
CFTC Charges Multiple Firms for $15 Million Crypto and Binary Options Scam