The Bank of Israel has revealed an initial design for its proposed digital shekel, emphasizing accessibility, security, and efficiency. However, the central Bank has clarified that the final decision on launching the digital currency remains uncertain and will depend on collaboration with lawmakers and industry stakeholders. According to the Central ...
Israel's State Comptroller and Ombudsman, Matanyahu Englman, has flagged significant issues in the country's cryptocurrency tax collection, warning that these shortcomings should be addressed before imposing broader tax increases on the public. Englman, whose role is to review and audit the policies and operations of the Israeli government, reportedly published ...
Israel is considering exempting foreign residents from capital gains taxes on the sale of digital currency in a move designed to attract foreign investors and stimulate the local economy. The Israeli Knesset passed an initial reading of a bill on July 5, 2023, which seeks to provide tax advantages to ...
