Increased emigration from Israel has led to fears of a brain drain.
A year on from the start of the Israel-Hamas war, the Israeli blockchain industry is facing the challenges of widening geopolitical unrest in the region, with some talent “hesitant to consider” roles within its borders.
Despite this, Israeli business leaders who spoke to Cointelegraph were optimistic about the future of the country’s blockchain industry.
An August report from Statista shows 60,000 Israelis had emigrated in the previous 24 months from May. The business statistics platform also noted a 25% increase in emigration from February 2023.
