Israel crypto industry pushes regulatory changes amid strong public support

Reform of Israel’s digital asset regulations may add 70,000 jobs and $38 billion to the country’s GDP, according to KPMG.

The Israeli Crypto Blockchain & Web 3.0 Companies Forum last week launched a lobbying effort to push regulatory reforms that research from KPMG says may add 120 billion shekels ($38.36 billion) to the country’s economy by 2035 and create 70,000 new jobs.

At a Feb. 3 event in Tel Aviv, Forum leader Nir Hirshman-Rub said there is broad public support for legislation that would relax rules on stablecoins and tokenization, along with simplifying tax compliance requirements.

In the wake of the US-brokered ceasefire of the Gaza war, 2026 is seen as a “defining year” for the local digital assets industry, Hirshman-Rub said.

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