Bank of Israel supports direct BTC and ETH trading for the first time

Odaily reports that Israel's Discount Bank has announced that starting November 26, customers will be allowed to buy and sell Bitcoin (BTC) and Ethereum (ETH) directly through mobile banking, without needing to open an account on an external exchange or manage a crypto wallet themselves. It is expected to become the first bank in Israel to offer such a service.

In addition, users can offset capital gains and losses from crypto asset transactions against other securities investments for tax purposes. However, the service uses a closed-management model and does not support transferring crypto assets in or out to external exchanges or private wallets.