There are quite a few opinions on whether or not Bitcoin is a legal asset. In Israel, the decision was pretty easy to make. The country’s Securities Authority has deemed Bitcoin not a security. This is a rather remarkable and surprising decision, all things considered, and it creates an interesting precedent for the rest of the world. Israel’s Securities Authority Rules on Bitcoin Bitcoin has been receiving a ton of regulatory scrutiny over the past few months. Every country in the world is seemingly poised to introduce some form of regulation. Creating a legal definition for a form of money that has never existed before isPowered by WPeMatico
In 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 […]
Canada seems to have become the hottest destination for bitcoin miners from all over the world thanks to a combination of cheap renewable hydroelectric energy and hospitable cold weather. One miner, Bitfarms, is set to raise a small fortune to solidify its position in the region and better face the heated competition. Also Read: Goldmoney […]
Israel is a pretty intriguing country when it comes to cryptocurrencies in general. So far, we have not seen any major regulatory actions in that part of the world. That makes it all the more surprising to see the Supreme Court of Israel intervene in a recent spat between one of the country’s banks and a cryptocurrency exchange. The outcome is surprisingly positive and will hopefully set a global precedent. Israel’s Supreme Court Intervenes in Favor of Cryptocurrency Bits of Gold, an Israeli cryptocurrency exchange, has seen great success over the years. Unfortunately, its bank partner did not see things the same way and decided
The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services. Also […]
An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is […]