<ul><li>Israel has reportedly lost billions of shekels in potential tax revenue from cryptocurrencies.</li><li>Only 0.25% of an estimated 200,000 digital currency holders filed tax returns during the period from 2018 to 2022.</li><li>Israel's indecision to join the OECD's Common Reporting Standard (CRS) could risk the country's international standing.</li><li>The State Comptroller recommends urgent reforms and clearer tax regulations for cryptocurrency to increase tax compliance and position Israel as a leader in the crypto economy.</li></ul>

Israel Faces Billions in Lost Crypto Tax Revenue

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