Israel imposes restrictions on cash payments to encourage digital payments
According to the statement of the Israel Tax Authority, the measure is needed to combat criminal organizations that use cash more often
01.08.2022 - 12:05
1016
1 min
0
What’s new? On August 1, a law went into effect in Israel that prohibits payments of large sums in cash and bank checks. Transactions exceeding 6000 Israeli shekels (~$1790) must be paid by digital transfer or debit card. According to the Israel Tax Authority (ITA), this is needed to combat illegal activity and encourage digital payments. ITA spokeswoman Tamar Bracha explained that the limitation on cash transactions is intended “to reduce cash fluidity in the market, mainly because crime organizations tend to rely on cash.”
In March, Israel’s second-largest bank, Bank Leumi, announced plans to provide customers with the option to trade and store BTC and ETH cryptocurrencies. The financial institution partnered with the Paxos blockchain platform. The initiative has not yet received regulatory approval.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 994
BTC
-1.52%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.11
XRP
-1.81%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.079383
DOGE
-3.73%
-
Zcash
$420.9
ZEC
-4.73%
-
Stellar XLM
$0.196386
XLM
-2.12%
-
Cardano
$0.153441
ADA
-3.74%
-
Polkadot
$3.32
DOT
+5.27%