The Bank of Israel supports direct buying and selling of BTC and ETH for the first time

Odaily News: Israel's Discount Bank has announced that starting November 26, it will allow customers to directly buy and sell Bitcoin (BTC) and Ethereum (ETH) through mobile banking, without needing to open an external exchange account or self-manage a crypto wallet, and 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 trading against other securities investments for tax purposes. However, the service adopts a closed management model and does not support transferring crypto assets in or out to external exchanges or private wallets.