Home
News
Israel’s national intelligence agency that is Mossad may well seem to be jumping in the cryptocurrency hype as the department is on the lookout for crypto experts to join them. They’re obviously into something here.
Israel is on the lookout for cryptocurrency experts
The job posting was quite vague as the title reads, “A technological leader in the field of fintech.” Per its requisites, it states that the person they’re looking for is a technological knowledge leader in both the world of fintech and digital currencies since that individual will be responsible for leading, initiating, planning, and accompanying systems development activities. Also, it was noted that applicants should have three years of experience within the realm of financial technology, should have an in-depth technical understanding and expertise on fintech, DEF, e-commerce, and digital currencies.
Mossad did not disclose, however, the reason as to why they are on the hunt for a cryptocurrency expert. It is believed that the government agency is likely to be interested in utilizing digital currencies in making anonymous payments to its agents or purchasing equipment.
Other related listings
A couple more job listings have also caught the attention of those eagle-eyed crypto folks as one of them is a business consultant post as it is defined to have a “challenging and dynamic role.” Mossad is looking for a person who has a degree in any of these: business administration, accounting, law, and economics. A five-year work experience in international trade paired with an excellent level of English skills is also needed for the said post.
The agency is also looking for an expert in developing unique mechanical means for a job as this includes planning, developing, manufacturing, implementing, writing a portfolio product, training, managing product methodology, and performing mechanical integration for complex assemblies. Whether or not these last two posts are in relation to the first one, the Israeli government is certainly paving its way to crypto space.
Crypto in Israel is pummeled with taxes
In 2017, tax authorities in Israel agreed upon a ruling to deem cryptocurrencies as assets. This is the time when things got pretty much difficult for blockchain-related firms as the decision pumped up the country’s short-term tax revenue. This move just pulled the plug on the life of cryptocurrency in the country.
With that in mind, crypto-dealing companies and businesses have to carry the burden of the plethora of taxes that were applied to them: income tax (50%), value-added tax (17%), high revenue tax (3%), corporate tax (23%), capital gains tax (25%). This list goes on if the authorities plan on applying additional taxes.
Israel’s tax department suggests that crypto to crypto trading utilizing a bot on a decentralized exchange is deemed as a barter deal, not to mention that it is applied with taxes. With that in mind, this simply implies some strict reporting rules alongside some unknown tax exposure in the coming years.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
