Israel Securities Authority Publishes Final Recommendations on Crypto Regulation

Israeli securities regulators published their final recommendations for crypto regulation, offering to create a platform for trading cryptocurrencies.

The Israel Securities Authority (ISA) has published its final report on cryptocurrency regulations, local financial newspaper Globes reports Thursday, March 7.

A special committee formed in 2017 to develop proper regulations for cryptocurrencies has presented its report to ISA chairperson Anat Guetta. Commenting on the recommendations, Guetta said that they were designed both to develop the crypto sector and protect the rights of investors. She further added that the technology is “here to stay” despite the fact that excitement in the industry has cooled.

The ISA recommends imposing disclosure requirements for crypto offerings that qualify as securities and states that such offerings should be controlled in a similar manner to crowdfunding.

The final ISA report puts forth several main ideas for how to support the crypto industry in the country including the establishment of regulatory sandbox and the creation of a special platform to trade cryptocurrencies under enhanced regulation. The ISA is quoted by Globes:

"The committee recommends considering adjustment of the existing regulation to create more suitable regulatory infrastructure for this trading activity in order to better cope with the risks incurred in this activity."

According to Reuters, the number of companies and the amount of money raised in Tel Aviv has fallen over the past decade, which is why the ISA is seeking to attract new investors and boost initial public offerings (IPOs).

The exact time frame for the implementation of these guidelines has not yet been set.

As Cointelegraph previously reported, Israel considered launching its own digital currency in 2017. However, in November 2018, a study group exploring the possibility of an “e-shekel” said that the country’s central bank should not issue its own digital currency.

In late 2018, a team that included representatives from the Bank of Israel issued a formal request for information about distributed ledger technology (DLT). According to the paper, the group believed that DLT could help renew and strengthen cooperation and coordination between regulators and the public.


By Readers$type=blogging$cate=2$count=6


Analysis,498,News,2978,Press Releases,338,Sponsored,137,
CryptoNomus: Israel Securities Authority Publishes Final Recommendations on Crypto Regulation
Israel Securities Authority Publishes Final Recommendations on Crypto Regulation
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy