Israel’s crypto industry is at a crossroads. While the United States is moving to provide clearer rules for digital assets, Israeli companies still face regulatory, banking and tax barriers that are pushing entrepreneurs and talent abroad. Nir Hirschmann, CEO of the Crypto Companies Forum, argues that Israel risks losing a fast-growing industry unless it moves quickly to close the gap.

In recent months we have seen a regulatory blitz by the Capital Market, Insurance and Savings Authority and the Bank of Israel to advance regulation of the industry. Are we in a good place?

“The steps are welcome, but Israel is significantly behind schedule. In the US, regulators openly say that their policy goal is to provide regulatory certainty and…