Israeli Bitcoin Association to Hold First General Assembly, Elections for Board of Directors

The Israeli Bitcoin Association (IBA) will be holding its first ever General Assembly tomorrow, December 24th, in Tel Aviv.

According to its website, The IBA is a registered nonprofit organization promoting the advancement of decentralized technologies such as Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Its objectives include: working with authorities to build a regulatory framework for Bitcoin, enabling it for safe, legal use among the population; raising awareness about Bitcoin and disseminating credible information; advocacy for the Bitcoin community; a resource for Bitcoin users and to support businesses and startups interested in dealing with Bitcoin.

The meeting will review the organization's activities in 2014, its current state and where it is heading.

The meeting will also kick off campaigns for elections, to be held over the following two weeks, for the organization's board of directors. Candidates will get a chance to briefly present. During the past year, the organization was managed by an interim board. This coming year will be its first under the guidance of democratically elected leadership, which will consist of seven board members including its chairman.

There will also be elections for IBA's four-member audit committee, whose mandate is to ensure the organization operates appropriately.

Israel has become a top destination for Bitcoin activity, home to multiple startups, ATMs and a highly active and dedicated community.