[Israeli Tax Authority's Cryptocurrency Voluntary Disclosure Receives Only $50 Million in Declarations] According to a report by Cointelegraph, the Israeli Tax Authority expressed disappointment with the results of its cryptocurrency voluntary disclosure policy. The authority initially aimed to collect up to $1 billion in taxes through the policy, which is set to be implemented by August 2025, but has so far received only 58 declarations involving approximately $50 million in crypto assets. Under the policy, taxpayers holding crypto assets valued at no more than approximately $522,000 who correctly declare and pay taxes by August 31, 2026, can avoid criminal charges. Tax experts believe that the lack of initial certainty and anonymity in the process has weakened taxpayers' willingness to participate. A report from the Bank of Israel indicates that local residents hold approximately $1 billion in crypto assets.