Ibahagi ang artikulong ito
Bank of Israel: Cryptocurrencies Are Assets Not Currencies
The deputy governor of Israel's central bank has said that digital currencies like bitcoin are more of a financial asset than a currency.
Israel's central bank has said that cryptocurrencies like bitcoin are more an asset than a currency.
Addressing a meeting of the Knesset Finance Committee yesterday, Nadine Baudot-Trajtenberg, deputy governor of the Bank of Israel, said, "Bitcoin and similar virtual currencies are not a currency, and are not considered foreign currency."
STORY CONTINUES BELOW
Huwag palampasin ang isa pang kuwento.Mag-subscribe sa Crypto Daybook Americas Newsletter ngayon. Tingnan lahat ng newsletter
Defining the Bank of Israel's position in the cryptocurrency ecosystem, she said that digital currencies should instead be viewed as a "financial asset" and that bitcoin does not fit the central bank's legal definition of currency.
Baudot-Trajtenberg also warned that that bitcoin and other cryptocurrencies are not backed by official bodies like central banks or governments, and that investors and users should be aware of the risks, including a high level of volatility that might lead to sudden drop in value.
Further citing possible compliance risks for banks, she continued to say that the anonymous nature of virtual currencies leads to the possibility of their use in money laundering and financial crimes. Banks, she said, need to take necessary measures to combat fraudulent activities involving cryptocurrencies.
The Bank of Israel's banking supervision department has formed an internal team to look into such risks, the statement indicates.
However, cryptocurrency technology poses problems for the authorities when it comes to designing regulations, she said, stating.
"Our assessment is that ... there is a real difficulty in issuing sweeping guidelines to the system regarding the proper way to estimate, manage, and monitor the risks inherent in such activity," the deputy governor added.
The new comes a month after Israeli financial watchdog – the Israel Securities Authority (ISA) – said that it is seeking to ban any company that has a major involvement in bitcoin trading from the Tel Aviv Stock Exchange.
In past months, a number of other central banks and financial regulators have issued warnings as the prices of cryptocurrencies have soared to record levels. Countries including the U.K., India, Russia and more have recently sounded the alarm over the perceived risks of investing in bitcoin.
Israeli banknotes image via Shutterstock
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
Ano ang dapat malaman:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
