After devoting a team of researchers to establishing whether the bank should move towards a digital currency of its own, the findings have come back negative.
As part of its effort to improve security, the Israel Securities Authority has embedded blockchain technology in its messaging system, called Yael.
The Bank of Israel and the Israeli Financial Ministry are reportedly viewing the prospect of launching a state-backed cryptocurrency, with negotiations still in progress on how to use blockchain to solve tax evasion issues.
Chinese crypto mining giant Bitmain is recruiting an additional 40 staff at its Israel development center, as the company doubles down on its research and development activities.
An Israeli man has been indicted for threatening national security after an attempted extortion against his employer, a firm working closely with the Israeli government to develop cyber security software.
Bits of Gold, the Tel Aviv exchange with over 50,000 different customers, has said it will comply with the demands of the Israel Tax Authority by referring information on any traders clearing over $50,000 in any 12-month period.
The first in a weekly column, A Power of Facing sets the tone for what to expect while examining what happens to a community when it discovers cryptocurrency by way of a Bitcoin ATM.
Hilmi Git was indicted on charges of using hundreds of credit cards in 20,000 fraudulent transactions, and then laundering the money using BTC.
TASE said the security lending platform will be based on the Hyperledger Sawtooth, which uses Intel software Guard Extension to encrypt data transactions.
Israeli-based cryptocurrency trading platform eToro has announced that it plans on expanding into the United States.
The Israel Tax Authority is reportedly actively seeking out those traders who are engaging in cryptocurrency business, in a bid to demand a fair share of their profits.