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 through tax.
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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.
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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.
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Yoni Assia believes that unprecedented retail investor interest will push regulators to be more proactive about crypto regulation.
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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 stress its potential value at a symbolic level.
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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.
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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 "pyramid scam."
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The bank has been exploring the introduction of a CBDC since 2017.
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BNY Mellon, the oldest bank in the United States, continues to aggressively invest in the digital asset industry.
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The platform said it plans to complete the acquisition before the third quarter of 2021.
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The Israel Securities Authority has approved a request from Simetria to operate a digital bulletin board for investors ahead of its digital securities exchange launch.
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Blockchain is changing how banks handle debt.
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The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies.
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At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month.
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“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states.
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