Israeli Government: Issuing BTC Regulations


The Israeli government appears to be organizing itself to issue clear bitcoin regulations. The Israeli Ministry of Finance plans to establish a working team on digital currencies. The government will partner with the heads of big accounting firms and relevant professional chambers to see what a regulatory framework could look like. Like many countries, Israel has yet to take an official stance on bitcoin. This inaction has created trouble for both end users and businesses in the field who must work in a perpetual gray area. The working group is expected to publish its recommendations in about six months.


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