“According to Haaretz, regulators do not feel the need to prohibit transactions related to digital currencies at this time. Attorney Shiri Shaham, who specializes in banking law, told reporters that there is no legislation in Israel today that could address bitcoin and similar digital currencies.  Therefore, the use of digital currencies remains legal, or ‘unregulated’ to be more precise.  Shaham believes the Bank of Israel should not ignore digital currencies, but she cautions that it should not adopt a conservative position either. She argues that there is nothing lawmakers can do to prevent trading in bitcoins, even if such trades are outlawed.”

http://www.coindesk.com/israeli-regulators-wait-and-see-bitcoin/

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