Earlier today, the Israel Tax Authority (ITA) released a draft version of their plans to tax proceeds generated by initial coin offerings (ICOs). Under the plan, the ITA would impose a value-added tax (VAT) on profits generated from ICOs, although the tokens themselves would not be taxed. The plan also creates two distinct categories for […]

According to a report published by Reuters, Israel’s central bank is giving serious consideration to a plan that would create a new, state-backed cryptocurrency for the country. The report includes few specifics about the proposed digital currency, and cites only a single, anonymous source within the Bank of Israel. Should the Bank of Israel approve […]

Israel’s two major state financial regulators issued a joint statement today warning urging caution on “decentralized ‘virtual currencies’ (such as Bitcoin).” The statement from the Israeli Ministry of Finance and Bank of Israel (BoI) doesn’t introduce new regulation in the country, but it does serve as an indicator of current government thinking about Bitcoin and […]