Israel Considers Issuing an Official State Cryptocurrency

Israel Considers Issuing an Official State Cryptocurrency

The Israeli Ministry of Finance and the Bank of Israel are looking into a possible future creation of an official Israeli state cryptocurrency, according to three government officials interviewed by Calcalist on conditions of anonymity Sunday. Israel’s interest in promoting a virtual coin is part of an effort to decrease the country’s dependency on cash transactions, which increase the risk of money laundering and tax evasion offenses, these officials said. For daily updates, subscribe to our newsletter by clicking here . According to these officials, the Israeli Ministry of Finance is reviewing a possible addition of a clause creating […]