The Tax Authority has been reportedly sending inquiries to local and global exchanges, pressuring them to divulge information about Israeli digital currency owners.
The attack was carried out by a sophisticated team of hackers that may have been state-sponsored, according to local media reports.
Under the existing Israeli laws, digital currencies are considered assets and therefore, their sale or conversion attracts a 25% capital gains tax.
The Tel Aviv Stock Exchange plans to launch the Central Blockchain Securities Lending Platform on November 2, 2020.
The attorney general of Israel has said that the country’s banks cannot institute a blanket ban on serving cryptocurrency companies.
Authorities in Belgium, France and Israel have arrested ten people accused of orchestrating a cryptocurrency pyramid scheme that cost investors $6.6 million.
The Israeli Capital Market Authority is seeking to make changes to its licensing regime in order to encourage competition and grow the country’s fintech industry.
Mohammad Shtayyeh wants to stop using the Israeli shekel currency and in its place could soon be a digital currency alternative.