Buy Celo
in Israel

The main network of Celo (Mainnet) was launched in April 2020. Celo protocol is an open source, decentralized and distributed blockchain network. The purpose of this network is to create an environment for the development and launch of decentralized applications (DApps) compatible with smartphones. Cello's goal is for every user anywhere in the world to be able to access financial services, in order to transfer money to their contacts and buy goods through a smartphone. In the Celo protocol, there is the ability to develop and deploy smart contracts. The codes of these smart contracts are fully compatible with Ethereum virtual machines. The codes used in the design of the Celo blockchain network architecture are also similar to the Ethereum network codes. However, Celo is a completely separate network from Ethereum.

This network uses ‘zero knowledge proof’ technology and digital signature to optimize its capabilities even in weak connection conditions. In this way, very secure and extremely fast synchronization between smartphones and the Celo network is possible. This means that even users who use weak internet, low bandwidth, expensive services and cheap and old mobile phones can use Celo-based applications.

Currently, Celo network uses two native tokens or crypto assets in its network. One of them is CELO. CELO is the symbol for the cryptocurrency Celo. The symbol CELO is frequently utilized on trading platforms to identify the Celo currency. By searching for CELO on our exchange, you may quickly access information about this cryptocurrency.

Yes, cryptocurrency is legal to buy in Israel. The Israel Securities Authority (ISA) has issued a
legal structure guideline document regarding proposed legislation for the regulation of digital
assets in Israel. The document outlines the ISA's proposals for regulating cryptocurrencies,
initial coin offerings (ICOs), and other digital assets in Israel. The above-mentioned guideline
includes proposals for the licensing of cryptocurrency exchanges, the requirement for ICOs to
comply with certain disclosure and investor protection requirements, and the regulation of
custody services for digital assets. It also includes proposals for the prevention of money
laundering and financing of terrorism using digital assets, and for the taxation of cryptocurrency
transactions. Overall, the document provides a comprehensive overview of the ISA's proposals
for the regulation of digital assets in Israel and the legality of cryptocurrency transactions.

Yes, cryptocurrency is taxed in Israel. According to the information on the legislation of
cryptocurrency provided by the Israeli Knesset (the Israeli parliament), The Israeli tax authorities
consider cryptocurrency as a taxable asset and transactions involving cryptocurrency are
subject to taxation. According to the above-mentioned information on the Israeli parliament
website, the taxation of cryptocurrency in Israel is governed by the Israeli Income Tax
Ordinance. According to this law, any income or profit derived from the sale or transfer of
cryptocurrency is considered taxable income and must be reported on an individual's tax return.
Additionally, capital gains tax may apply to profits made from the sale of cryptocurrency.
It's important to note that the tax laws and regulations regarding cryptocurrency are constantly
evolving, so it's always a good idea to check with a tax professional or the Israeli tax authorities
for the most up-to-date information.

CELO cryptocurrency plays a crucial role in the advancement of the Celo platform's ecosystem by aligning the incentives of all stakeholders. It serves as a beneficial asset to the Celo community as it can be used for transactions, reserves, staking, and governance. In addition, CELO holders can use the token to fund community-driven projects that align with the Celo network's mission of financial inclusion.

In Israel, anyone who is over the age of 18 and has a valid government-issued identification can
buy cryptocurrency. There are no specific restrictions or limitations on who can purchase
cryptocurrency. The ideal method to buy cryptocurrency in Israel varies based on personal
needs and preferences, but the most common method is through a digital asset exchange. Our
exchange provides a trustworthy and secure option for those who want to buy cryptocurrency in
Israel. It offers a variety of payment methods, such as credit card, debit card, bank transfer,
PayPal, Apple Pay, and Google Pay, with no exchange transaction fees. With our platform, you
have the ability to purchase, sell, and trade cryptocurrency using Euros.