NFT Creators Investigated in Israel for Alleged Tax Evasion

NFT Creators Investigated in Israel for Alleged Tax EvasionIsrael’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without Tax Reporting Israel Tax Authority […]

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Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading

Tel Aviv Stock Exchange Takes Steps to Allow Crypto TradingIsrael’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated institutions getting involved in the digital asset market, the exchange noted. TASE Exchange Moves to Regulate Cryptocurrency Trading […]

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Israel’s Securities Watchdog Seeks to Regulate Crypto Assets

Israel’s Securities Watchdog Seeks to Regulate Crypto AssetsThe body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s Securities Laws Aimed at Expanding Supervision Over Crypto Arguing that […]

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Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France

Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From FrancePolice in Israel have detained three suspects who allegedly laundered millions of euros stolen from the French treasury through cryptocurrency transactions. The money came from government grants for businesses affected by the Covid-19 pandemic. Israeli Law Enforcement Busts Money-Laundering Ring Using Coins to Clean Money for French Fraudsters Three people have been arrested in Israel […]

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Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700

Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will achieve that. Authorities in Israel Go After Cash […]

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Public Consultations Reveal Positive Interest in Bank of Israel’s Digital Shekel

Public Consultations Reveal Positive Interest in Bank of Israel’s Digital ShekelA survey carried out by the central bank of Israel has returned mostly positive responses from stakeholders regarding the possible issuance of a digital shekel currency. Many of the participants in the public consultations support the continued development of the project, the regulator said. Bank of Israel Releases Results From Consultations on Digital Shekel Project […]

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Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud

Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto FraudIsraeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme in Israel Israeli police arrested eight suspects Thursday allegedly […]

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Man Sentenced to 8 Years in Prison for Stealing Nearly $7 Million of Crypto in Israel

Man Sentenced to 8 Years in Prison for Stealing Nearly $7 Million of Crypto in IsraelAfek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man, who refused to cooperate with the investigation, will have to pay a hefty fine as well. Israeli Resident Sentenced for Cryptocurrency Theft The 27-year-old Zard […]

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Israel’s Mossad Is Hiring a Cryptocurrency Specialist

Israel’s Mossad Is Hiring a Cryptocurrency SpecialistThe Israeli intelligence service, Mossad, is now looking to hire someone who understands digital currencies. According to the job posting, the role requires extensive expertise in the field of financial technologies. Mossad Recruiting Expert With Fintech Background Israel’s Institute for Intelligence and Special Operations, Mossad, is seeking an expert with a deep understanding of cryptocurrencies […]

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Israeli Knesset Creates Special NFT for New President Isaac Herzog

Israeli Knesset Creates Special NFT for New President Isaac HerzogIsrael’s parliament, the Knesset, has become the first national legislature to release a non-fungible token. The special NFT has been created for the country’s new president, Isaac Herzog, who took office this week after his election in early June. Knesset Becomes First Parliament to Issue NFT Isaac Herzog received the token right before his inauguration […]

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