Did you know that a new bank opened in Israel on August 16? The digital bank ONE ZERO has completed its trial period and currently offers three routes.
Israel, whose foreign currency reserves have traditionally been made up of Dollars, Euros and British Pounds, will add four new currencies – including the Chinese Yuan (RMB).
A new business landscape is slowly coming into view.
The shekel-dollar rate is currently down 0.75% in comparison with yesterday's representative rate, at NIS 3.114/$. The shekel-euro rate is down 0.5%, at NIS 3.5149/euro.
The Bank of Israel intends to issue several millions of special edition coins to be distributed to the public through banks and the Israel Postal Company.
Israel Tax Authority issued a draft tax circular on January 11 that details its position on the taxation of activity in virtual currencies such as bitcoins.
Israeli-American entrepreneur Galia Benartzi was speaking at TEDxWhiteCity about the potential of the first-ever "people’s money."
Currency trading and related economic activity makes up NIS 150,000 billion per year.
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