Cryptocurrency Usage In Israel | Frank Coutinho

Today, cryptocurrencies such as Bitcoin, are a very hot topic around the world. Since it is a new form of currency and a new industry, it is now getting regulated in many countries globally. Despite its tech savviness and openness to new trends and innovation, Israel has not been very encouraging of cryptocurrencies when compared to other countries. However, Israel’s startups have been investing in cryptocurrencies and blockchain technologies in recent times. Israel should possibly consider looking at the explosion of cryptocurrencies internationally as an opportunity to develop itself as an international financial center for “initial coin offerings,” also known as ICOs.

Last year especially, public interest in digital currencies had exploded and was spurred on by technological innovation and diminished trust in the policies of both governments and central banks. However, many countries still remain divided on whether or not they should develop cryptocurrency policies. As…