🚀 Crypto and web3 communities in Israel announced on Monday that they have established Crypto Aid Israel to raise funds for Israeli citizens displaced by the war with Hamas and in need of humanitarian assistance.

🔒 Crypto Help Israel will create a multi-signature wallet to collect donations made in various cryptocurrencies such as BTC, ETH, USDT and USDC. Israeli banks and regulators have stepped in to help crypto donations flow.

🏦 For the first time, these banks are likely to provide a bridge to move crypto assets to banks. A company called Fireblocks has been appointed to manage crypto assets.

💬 Crypto Help Israel said, “A strict policy has been implemented requiring a minimum of four signatures to move funds outside the wallet.” Members of the alliance so far include Fireblocks, MarketAcross, Collider Ventures, CryptoJungle and the Israel Blockchain Association.

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