Category: Israel

In 2024, Israel’s cryptocurrency legislation landscape exhibits a nuanced and sophisticated approach, reflecting its status as a global technology hub and a leader in fintech innovation. The Israeli government, recognizing the growing significance of digital currencies, has developed a regulatory framework that seeks to foster innovation while ensuring financial...

Israel’s approach to cryptocurrency regulation before 2024 was multifaceted, encompassing taxation, banking, licensing, and anti-money laundering measures. The Israel Tax Authority (ITA) issued several circulars between 2018 and 2021, clarifying the taxation of digital assets. Virtual currencies were classified as assets, subjecting their sale and exchange to a capital...