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.
Two Israeli brothers reportedly were behind a scheme for the past three years that allowed them to steal access to the accounts of crypto holders.
Israel has ruled that banks can’t call cryptocurrency exchanges gambling outfits and refuse to do business with them.
The Central District Court backed Israel Tax Authority in holding cryptocurrencies to be an asset, which means profits on crypto sales would be liable to capital gains tax.
In a statement to CoinGeek, Bitfarms has cleared up a lot of fake news related to its Tel Aviv listing.