Israel’s digital currency industry is rallying behind a new lobbying drive to relax regulatory rules and simplify tax rules for digital asset holders.

The lobbying drive was a hot topic at the Israeli Crypto Blockchain & Web 3.0 Companies Forum held earlier this month. Its key point appears to be an undisclosed report by KPMG, one of the Forum’s founding members, that suggests key reforms could add 120 billion shekels ($38.7 billion) to the economy and create 70,000 new jobs.

“The…