More than five percent of adults in Israel are active crypto investors.
There are more than five crypto ATMs in Israel.
Israel’s chief economist Shira Greenberg has proposed a list of suggestions for policymakers on how to deal with digital asset laws in the country to safely drive crypto adoption.
Greenberg submitted a detailed report of 109 pages on November 28 to the Minister of Finance on how to adopt crypto safely in the country.
Shira noted, “The regulation processes are being formulated and determined during this period in various countries in the Western world and it is recommended that the state of Israel will act in accordance with the emerging standards in the developed world.”
The submitted recommendation for regulating the digital assets market are as follows.
Removing the barriers that exist under the existing regulatory framework:- clarifying the government policy concerning increasing the number of investors in the field, among other things, by decidin
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