Israeli Crypto Holders Shun Tax Amnesty, Revealing Just $50.7 Million

Israel’s voluntary crypto tax disclosure program has recorded minimal participation through June 4, with only 58 crypto-specific filings exposing $50.7 million in hidden capital since August 2025. Officials had projected up to $1 billion in reported gains under the amnesty-style policy but now cite the removal of anonymous filing options as the primary deterrent. Broader disclosures across all assets reached 289 requests and $236 million, generating roughly $14 million in revenue—well short of the $700 million–$1 billion target. The program, offering immunity for holdings up to $522,000 if taxes are paid by August 31, 2026, continues amid growing enforcement concerns. Persistent low uptake reinforces regulatory uncertainty for crypto assets.