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israel


The Israel Securities Authority is recommending lenient regulations for initial coin offerings, including a clear definition of what separates a so-called “utility token” from a security. In a report released last week, the regulator even proposed a temporary sandbox, where regulators would allow entrepreneurs to experiment under supervision as the cryptocurrency market evolves. According to …

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In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

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The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com. In terms of technological innovation, Israel has been labeled by some as “The Startup Nation” with Israeli ventures raising over $5 billion in capital in 2017. This is almost 10% of China’s yearly fundraising total. While there’s a …

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Israel’s securities regulator has said that cryptocurrency-related firms may not be listed on the Tel Aviv Stock Exchange (TASE) indices. According to an announcement from the Israel Securities Authority (ISA) on Wednesday, the watchdog said it will bar the entry of public companies who mainly hold, invest in or mine cryptocurrencies from the indices, citing high volatility as …

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A cryptocurrency brokerage based in Israel won’t have its bank account closed – for now , anyway- thanks to an intervention by the country’s Supreme Court. Bits of Gold, which launched its services in 2013, was on the cusp of having its Bank Leumi account cut off on account of its business model, according to …

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Israel’s Supreme Court has issued a temporary court order prohibiting Leumi Bank from restricting the banking activity of crypto broker Bits of Gold, Finance Magnates reported yesterday, Feb. 26. The Supreme Court’s decision, that has been described as “precedent-setting,” means that banks in general cannot limit accounts associated with the crypto industry. In June 2017, …

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The Israeli Tax Authority (ITA) confirmed yesterday, Feb. 19, in a professional circular that the country will tax cryptocurrencies as property. The tax authority had released a draft of today’s circular on Jan. 12, which referred to virtual currencies as “unit[s] used for barter [that] can be used for investment purposes.” Per this definition: “these …

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Israel’s government confirmed Monday that it would treat bitcoin and other cryptocurrencies as a kind of property for tax purposes. The notice confirms past indications that the Tax Authority will regard cryptocurrencies as “a property, not a currency”, making it therefore taxable as such. The Authority’s position was first detailed in a draft circular issued in …

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There’s a handful of initial coin offering (ICO) issuers working out of Tel Aviv, Israel, but they typically domicile elsewhere. That’s not particularly helpful for the government since it loses out, not only on tax revenue, but also opportunities to market Israel as a place to do business. And according to some, the Israel Tax …

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Israel’s government has published draft circular outlining possible approaches to taxing the proceeds of initial coin offerings (ICOs). Released Wednesday, the draft circular from the Israel Tax Authority proposes imposing a value-added tax (VAT) on ICOs, differentiating them into two types: service transactions and sales transactions. The draft appeared to indicate that goods or services offered to …

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Bitcoin trading companies in Israel may soon face tighter rules imposed by the country’s finance regulator. According to Reuters, the head of the Israel Securities Authority (ISA) Shmuel Hauser said in a business conference on Dec. 26 that a proposal will be presented to the ISA board next week, which seeks to ban any company …

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Following in the footsteps of Russia and Dubai, Israel is considering offering a national cryptocurrency – a digital shekel – which would correspond in value to physical shekels. According to the sources close to the Finance Ministry, Israel’s black market is approximately 22 percent of the country’s gross domestic product. A digital currency, registered with …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. On December 12, Prime Minister Benjamin Netanyahu openly commented on the future of banking, seen through a youtube video. He believes that blockchain technology will replace traditional banks as a result of bitcoin’s growth this year. The video is one of the …

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In a video published on Tuesday, Israeli Prime Minister (PM) Benjamin Netanyahu claimed that the operation of traditional banks will eventually become obsolete and could be replaced by Bitcoin. He based his claim on the trustless nature of Blockchain technology and on Bitcoin’s continuous, notable growth this year. In the video, Netanyahu stated confidently that …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The chairman of the Israel Securities Authority joins the bandwagon of critics calling bitcoin a ‘bubble’. Speaking at a public address on Monday, Israel Securities Authority (ISA) chairman Prof. Shmuel Hauser became the latest global financial figure in authority attempting to dampen …

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