Bank Leumi has entered into an agreement with the Paxos blockchain platform

Israel’s second-largest bank to allow BTC and ETH trading

25.03.2022 - 10:45

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1 min

What’s new? Israel’s second-largest bank, Bank Leumi, will provide customers with the opportunity to trade and store BTC and ETH cryptocurrencies. Bank Pepper Invest’s digital arm has announced a partnership with the Paxos blockchain platform. The initiative is yet to receive regulatory approval, Reuters reports.

Reuters’s material

On what terms will the bank list the cryptocurrency? The minimum purchase price of the asset will be $15. The bank will collect transaction tax under the Israeli Tax Authority so that “customers will not need to manage tax complexities.”

What is going on in Israel? Earlier, the Binance exchange temporarily suspended operations in the country at the request of the regulator. Also, Israel’s Central Bank has published a draft corresponding to the anti-money laundering (AML) regulations.

Author:

Vasiliy Smirnov Vasiliy Smirnov

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