SparkFX Review 2025: Unverified Dubai Claims and Rising Risks in the Arab Market
An in-depth review of SparkFX (Score 1.82) investigating claims of a Dubai license, expansion into Arabic markets, and reports of unfair account bans.
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Leumi Bank in Israel to Start Accepting Bitcoin and Ether, In first for Israeli banking, Leumi to en
Abstract：Bank Leumi (LUMI.TA) will become the first Israeli bank to enable cryptocurrency trading, its digital platform Pepper Invest said on Thursday after partnering with U.S. blockchain firm Paxos.
Bank Leumi (LUMI.TA) will become the first Israeli bank to enable cryptocurrency trading, its digital platform Pepper Invest said on Thursday after partnering with U.S. blockchain firm Paxos.
It said the new service will allow Pepper Invest customers to buy, hold and sell cryptocurrencies -- limited to Bitcoin and Ethereum, for now -- in transactions worth at least 50 shekels ($15.49).
The statement gave no launch date, saying regulatory approval is pending. Leumi is one of Israel's two largest banks.
The account of Bits of Gold was banned by Leumi Bank in the past based on concerns related to regulation. Nevertheless, a Supreme Court ruling said the bank could not block the crypto exchange's account.
The new move by Leumi Bank is remarkable as it stands for part of shifts in the financial sector across the world. In Singapore, DBS Bank is now offering cryptocurrency trading services and there are plans to make it available to retail clients by the end of 2022.
“Pepper will collect tax according to the guidelines of the Israeli Tax Authority so that customers will not need to manage tax complexities,” it said, adding that the service will also eliminate the risks of downloading a digital wallet.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Libertex Exposed: Allegations of Fund Scams and Delayed Withdrawals Surface
Have you been made to take a loan from the Libertex official after losing in a trade? But did that also prove financially disastrous? Do you find varying experiences when depositing and withdrawing, with the former being smooth and the latter being worse? It is arguably the pattern for most traders as they share negative Libertex reviews online. In this article, we have discussed these complaints in greater detail. Read further!
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