In first for Israeli banking, Leumi to enable crypto trade

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Submitted March 28th 2022 & consists of 139 words.
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JERUSALEM, 크리에이티브 연구소 March 24 (Reuters) – 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 크리에이티브 연구소 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.($1 = 3.2272 shekels) (Writing by Dan Williams; editing by Jonathan Oatis)

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<!DOCTYPE HTML PUBLIC '-//W3C//DTD HTML 4.01 Transitional//EN' 'http://www.w3.org/TR/html4/loose.dtd'><html><head><title>Write About Everything | In first for Israeli banking, Leumi to enable crypto trade</title></head><body><h3>In first for Israeli banking, Leumi to enable crypto trade</h3> By: JERUSALEM, 크리에이티브 연구소 March 24 (Reuters) - 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 <a href="https://reviewfeed.mystrikingly.com/blog/creativelab-blockchain-solutions">크리에이티브 연구소</a> 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.($1 = 3.2272 shekels) (Writing by Dan Williams; editing by Jonathan Oatis)</div> Article Courtesy of <a href='https://wr1te.com'>Write About Everything</a> 
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