In February 2023, the Israeli government formed a cross-functional team comprised of staff from the Ministry of Finance, the Ministry of Justice, the State Revenue Association, the Israel Securities Authority, the State Tax Authority, the Bank of Israel, and the National Economic Council, to promote the regulation of digital asset activity.
This team explicitly promotes the regulation of decentralized autonomous organizations (DAOs) within Israel, encouraging their formation and overseeing the development of DAO governance activities.
The team has just opened up a public consultation for members of the public to submit comments on team research findings about DAO activity, such as types of actions carried out in a DAO, the risks of operating a DAO, the benefits of DAO governance, and tax aspects of DAOs and their participants. Israeli citizens can appear before the team to further discuss their submitted comments and have until September to actually submit them.
