Israel is looking to change its crypto laws to further boost the industry's growth. The crypto industry in Israel believes that loosening regulations (on stablecoins, Tokenize , and taxes) could boost the economy by approximately $38 billion and create around 70,000 jobs in the future. Crypto is already quite popular in Israel: over 25% of the population has traded crypto, and over 20% currently hold digital assets. However, the biggest hurdles are banks and taxes. Many banks are still hesitant to handle crypto-related funds, and some tax regulations are making it difficult for crypto businesses.
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