Crypto Lawyer

You invested, traded, and managed to generate significant profits in the crypto world, but the moment you try to cash out – you hit a brick wall. Banks in Israel refuse to accept transfers from crypto exchanges due to concerns about money laundering offenses, and the Tax Authority demands its share of capital gains. Many clients find themselves "trapped" with virtual assets they cannot use, under constant threat of financial sanctions and criminal investigations for tax evasion and failure to report.

Regulating crypto funds requires action on two main fronts: taxation and banking. With the Tax Authority, proper reports must be filed, losses offset as permitted by law, and where necessary – voluntary disclosure procedures or tax assessment settlements must be pursued to clear past liabilities without triggering criminal proceedings. With the banking system, a comprehensive and thorough "Trace of Funds" must be prepared, including legal and technological expert opinions that prove the source of funds and the legitimacy of the activity. In cases of unreasonable refusal, an attorney can compel the bank to accept the funds through appropriate legal proceedings.

The digital currency field demands far more than ordinary legal knowledge – it requires deep technological understanding and practical experience dealing with enforcement authorities. The law firm of Shlomi Vaknin & Co. bridges the gap between the old economy and the new on your behalf. We are familiar with the most stringent compliance requirements of banks and the Tax Authority, and we will build a smart and secure strategy for you. We accompany you hand in hand from the wallet analysis stage, through tax assessments, and all the way to depositing the funds in your bank account, ensuring your complete peace of mind.