This Is The First Bank In Israel To Enable Crypto Trading

INSUBCONTINENT EXCLUSIVE:
Leumi said the new service will allow Pepper Invest customers to buy, hold and sell crypto.Jerusalem: Bank Leumi will become the first
Israeli bank to enable cryptocurrency trading, its digital platform Pepper Invest said on Thursday after partnering with U.S
blockchain firm Paxos.It said the new service will allow Pepper Invest customers to buy, hold and sell cryptocurrencies -- limited to
Bitcoin and Ethereum, for now -- in transactions worth at least 50 shekels ($15.49).The statement gave no launch date, saying regulatory
approval is pending
Leumi is one of Israel's two largest banks."Pepper will collect tax according to the guidelines of the Israeli Tax Authority so that
customers will not need to manage tax complexities," it said, adding that the service will also eliminate the risks of downloading a digital
wallet.