Israel Issues A Directive on Cryptocurrencies

It is a well-known fact that decentralized cryptocurrencies have rapidly spread around the world in recent years. As this is the case, many countries have been used in crimes such as money laundering. regulations for cryptocurrencies It wants to take control of such digital currencies by bringing Even in our country, regulations for cryptocurrencies are frequently on the agenda.

A move towards these currencies came from the USA in the past few days. As we conveyed to you, President Joe Biden signed the cryptocurrency decree recently. This law, which determines the strategy of the USA on cryptocurrencies; Contrary to expectations, it contained positive items aimed at protecting the investor. In fact, this move had a positive effect on the markets, causing Bitcoin (BTC) to rise above $ 42 thousand again during the ongoing war. Now, a move has come from Israel on cryptocurrencies.

Bank of Israel issues cryptocurrency directive

incoming news, Bank of Israel opening the country’s financial system to cryptocurrencies instruction He showed that he had prepared the draft. According to the news of Coinkolik, Israel has made it mandatory for banks to examine companies that provide crypto services one by one and make decisions accordingly, instead of applying general refusal to investments. In the draft published by the central bank, it was noted that banking companies should implement risk assessments and set policies and procedures for the transfers of virtual currencies.

In addition, banks are used to purchase cryptocurrencies. clarification of funds required, from the moment such currencies are purchased to the moment they are deposited into an account. tracking your movements required was also included in the shared directive. In addition, this draft is one of the biggest concerns about cryptocurrencies. money laundering It was also among the news that it complied with the rules of fighting against.

Bitcoin (BTC) is going through very volatile days due to the ongoing war between Russia and Ukraine and the news. Although the leading cryptocurrency rose with Biden’s signing of the decree, it later declined again. At the time of this writing, Bitcoin from $39,165 Let’s also mention that it’s traded. We will see over time how the decisions from the countries and the news from the worldwide crisis will affect the crypto money markets.