As part of the Arrangements Law for the years 2023-2024, the Israeli government makes extensive reference to expanding and creating a regulatory infrastructure in the digital assets field. As part of the draft bill (also...more
The Israeli Capital Market, Insurance and Savings Authority (CMISA) recently published drafts of two important circulars regulating financial asset service providers, including provisions regarding protection of virtual...more
Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants. These services intend to safeguard customers’...more
7/21/2022
/ Bitcoin Mining ,
Crypto Exchanges ,
Cryptocurrency ,
Custody ,
Digital Assets ,
EU ,
Financial Services Industry ,
Insolvency ,
Institutional Investors ,
Investment Advisers Act of 1940 ,
Investors ,
Israel ,
OCC ,
Proposed Regulation ,
Regulatory Authority
For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently...more
While Israel’s banks are in no hurry to accept the blockchain industry and are avidly trying to keep their distance from cryptocurrencies, this is not the case elsewhere. Recently, the major global securities, derivatives and...more