The move aims to prevent the abuse of digital coins.
Bitcoin surged to near $20,000 in late 2017, the peak of a bubble driven by retail investors that pushed cryptocurrencies onto the agenda of mainstream financial firms.
Bitcoin has now lost about 75 percent of its value since peaking in December.
VeganNation strives to be first decentralized nation for vegans.
The Bank of Israel did say that it would explore the creation of a digital shekel – but mainly with an eye toward capturing lost tax revenue.
These days, newspapers and websites are full of stories about cryptocurrencies, virtual currencies, and bitcoins. Confused? Here is a ‘guide for the perplexed.'
The latest tumble leaves bitcoin more than 40 percent down from the record highs of around $20,000 reached in mid-December.
Buffett's comments come a day after JPMorgan & Chase Chief Executive Jamie Dimon said he regrets calling bitcoin a fraud.
There have been public complaints that Israeli banks were making it difficult for some customers to transfer money from their accounts to buy bitcoin.