Regulatory Proposal for Cryptocurrencies from Israel’s Financial Authority

The agency that regulates financial markets in Israel proposes to include cryptocurrencies in the country’s current financial regulatory framework.

Israel Securities Authority (ISA) securities proposes expanding the definition to include cryptocurrencies.

In this proposal on cryptocurrencies, the ISA referred to the collapse of FTX last year and the bankrupt Celsius like him. ISA also emphasized that the lending platform Celsius is based in Israel.

Securities Authority, cryptocurrencies same framework as securities regulations. If it is bought, the investors in the country will be protected from various risks in the market. can be protected is thinking.

The proposal submitted by the ISA will be open to the public until February 12. If these recommendations are implemented, companies in the country will be given six months to comply with these regulations.

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