How Israel Can, and Should, Become Ground Zero for Bitcoin
Michael Eisenberg is a partner at early-stage venture capital fund Aleph. A key figure in Internet and software investment in Israel, he currently resides in Jerusalem and lectures on entrepreneurship at the Hebrew University. Here, he makes a case for Israel as a potential hub for digital currency innovation. This week, the US Internal Revenue Service (IRS) handed Israel a golden opportunity on a silver platter. Or, shall I say, a virtual gold opportunity. By deciding to tax bitcoin as an asset, like gold, the US Government effectively doomed bitcoin as a currency. As Robinson Meyer....
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Binance has reportedly halted services in Israel after the cryptocurrency exchange was approached by the country’s financial regulator inquiring about its activities and the licenses under which it operates. A growing number of regulators have been scrutinizing Binance for operating without a license in their jurisdictions.
Binance Halts Crypto Services in Israel
Israel’s Capital Market, Insurance, and Savings Authority has reportedly approached Binance regarding the crypto exchange’s activities in the country.
The authority, which is responsible....
In an effort to encourage Israelis away from using cash and towards paying digitally, Israel recently enacted a new regulation limiting the use of cash on August 1st. Starting in 2019, an Israeli company’s cash transaction limit was 11,000 NIS ($3,200) per client. With this restriction on using cash transactions with clients, Israel continues its […]
Israel’s Defense Ministry has seized 30 crypto accounts belonging to organizations affiliated with the al-Mutahadun exchange company. The crypto wallets associated with 12 exchange accounts have been linked to the Gaza-based terrorist group Hamas. According to the Times of Israel, Israel’s Defense Ministry stated on Feb. 28 that al-Mutahadun aided Hamas’ military branch by transmitting […]