Israel’s largest bank enables crypto trading to its customers
Pepper Invest, the digital platform of Israel’s biggest bank, Leumi announced the news on March 24, following a partnership with U.S. blockchain startup Paxos. For the time being, only Bitcoin and Ethereum will be available to Pepper Invest clients to buy, hold, and sell.
Pepper will collect tax according to the guidelines of the Israeli Tax Authority so that customers will not need to manage tax complexities. Additionally, the service would remove the hazards associated with downloading a digital cryptocurrency wallet.