Israel’s chief economist lays out recommendations for crypto regulation

The chief economist said the Supervisor of Financial Service Providers and the Israel Securities Authority should be granted more powers to oversee the industry.

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Israeli Regulator Designates Utility Tokens Issued by Companies as Securities

Israeli Regulator Designates Utility Tokens Issued by Companies as SecuritiesThe Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did not amount to a security offering. Token Value Growth However, in response to […]

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Israel Securities Authority Wants a Dedicated Token Exchange

Israel Securities Authority May Promote the Creation of a Token ExchangeAn Israel Securities Authority (ISA) committee tasked with examining the regulation of crypto coin offerings has submitted its final recommendations today, March 6. They include the option of creating a dedicated platform for trading digital assets. Also Read: In the Daily: Opera Browser, EY Tax Tool, Elliptic, Cryptopia Exchange Regulating Coin Offerings in Israel The […]

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The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPA

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPAIn today’s edition of The Daily we cover stories about a well known economics professor and outspoken crypto-skeptic who is going to speak about the subject at the U.S. Senate, bitcoin-buying service Coinmama adding support for SEPA bank accounts holders, and more. Also Read: Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary […]

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Israeli Crypto Companies Banned From Stock Exchange Indices

Israeli Crypto Companies Banned From Stock Exchange IndicesIn a bid to reduce systemic risk, the Israel Securities Authority has announced that it will not include companies operating in the cryptocurrency industry will not be included in the country’s stock exchange indices. News of the determination has been published alongside a public warning issued that seeks to inform prospective investors of the risks […]

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Israel Tax Authority: Bitcoin is Property, Not Currency

Israel Tax Authority: Bitcoin is Property, Not CurrencyIsrael Tax Authority issued a professional circular on February 19 (4 Adar 5768), clarifying the country’s tax policy on cryptocurrencies in general and bitcoin in particular. “Bitcoin and its like” are discussed in what’s referred to as a “final circular” on crypto and value-added tax (VAT) along with capital gains. Also read: Switzerland Enacts ICO Guidelines […]

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Oil Company Wants to Sell Bitcoin ATMs to Casinos, Stock Jumps 60%

Oil Company Wants to Sell Bitcoin ATMs to Casinos, Stock Jumps 60%Despite the warnings of the Israeli regulator that it won’t tolerate bitcoin to get somehow backdoor listed on the Tel Aviv Stock Exchange, public companies keep pivoting into the field. The latest example is a firm that focused on oil refineries until now. All of a sudden it announced plans to sell bitcoin ATMs to casinos […]

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Public Firm Faces Class Action Lawsuit for Falsely Claiming Link to Bitcoin

Public Firm Faces Class Action Lawsuit for Falsely Claiming Link to BitcoinAn application for a class action lawsuit against Apollo Power (TASE: APLP) has been submitted to the Tel Aviv District Court. The solar energy technology company is accused of misleading investors by making a false report. The matter at hand is how its share price jumped by 150% on December 18 after Apollo announced it […]

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Israeli Regulator Investigating Public “Bitcoin” Company for False Claims

Israeli Regulator Investigating Public "Bitcoin" Company for False ClaimsBitcoin mania has taken over the business world. Companies from India to Long Island are rushing to add bit, coin, crypto or blockchain to their names. As that is the case it would not be a big surprise if some have also stretched the definition of what they do too far just to have some […]

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