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RE: Crowdsourcing Clarity: Familiarizing Myself with The Laws Regulating Cryptocurrencies in Various Countries (1 SBD Reward for Most Helpful Info)
The central bank of Israel, took the easy way out, and they treat cryptos as a commidity. This means that any deal in which the payment is done in cryptos, is considered a barter deal. The head of the bank of Israel said she will reconsider this regulation every once in a while. I hope that with cryptos becoming more popular she will change her mind and start treating them as money.
Thanks for the info, @orenshani7. I was not aware!