Bank Leumi, one of Israel’s two largest banks, will begin offering cryptocurrency trading to its customers through its digital platform Pepper Invest.
ReutersAccording to the news of Bank Leumi, Thursday, March 24 day in his statement new York based custody and trading platform Paxos digital platform thanks to its partnership with Pepper Invest He said he will start offering cryptocurrency trading to his customers through Bank Leumito customers in Israel crypto trading services offering first bank will be.
With the new service of the bank, customers initially from a minimum of 50 shekels (about $15.5) in starting transactions Bitcoin (BTC) and Ethereum (ETH) can buy, sell and store.
Bank, digital platform Pepper‘of It will collect taxes according to the guidelines of the Israel Tax Authority. like this customers will not have to deal with tax complexities told. Also, the service It will also eliminate the risks of digital wallet downloads. he added.
While the statement did not include any information about the start date of the new service, pending regulatory approval specified.
in the past weeks Bank of Israelpublished a draft guide on cryptocurrency deposits. In the draft, The banks in the country will not be able to directly refuse to serve companies in the crypto money sector, but instead will be obliged to evaluate each company on its own. was specified.
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