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Helped by some regulatory clarity, Israelis are less than 0.1% of the global population, but are comprising between 3 to 5% of global ICO fundraising - cementing the country's position as an important hub fro blockchain innovation.
As previously reported, 2018 saw Israeli regulators clarifying their positions on matters related to cryptocurrency in blockchain. For example, back in March, the Israel Securities Authority recommended regulations that sought to differentiate so-called utility tokens from crypto-assets that are considered securities, a move that came several months after officials released a draft plan for the taxation of ICOs in January.
https://www.coindesk.com/israeli-startups-raised-600-million-through-icos-in-2018-report/
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