Israel is said to have passed new regulations relating to cryptocurrency to combat illegal activity such as money laundering or terrorism financing. Local news agency Globes reported that the Israeli government enforced new Anti-Money Laundering (AML) laws on Sunday. These regulations require local FinTech firms and virtual currency service providers (VASPs) to obtain an operating […]
The Israeli government is tightening up its endeavors to discourage tax avoidance and close provisos for would-be tax criminals as a component of a “battle against dark capital.” Among the actions laid out in another draft bill distributed by the Ministry of Finance this week, another legal necessity is being proposed to put cryptocurrency holders […]
The Bank of Israel has reportedly already issued a central bank digital currency (CBDC), but Israelis shouldn’t expect to begin using it right away. The bank is only running a pilot test of a digital shekel and there is a long way to go before a government-backed digital currency would be introduced. If it were […]
