Israeli Cryptocurrency Regulation to Be Delayed, Dealing Blow to Industry

[kreslik.news]

In what is described as a blow to the Israeli cryptocurrency market, a law concerning cryptocurrency regulation which wassupposed to be enacted on Friday has been postponed until October.

The law covers financial service providers, and for the first time includes a provision for digital asset providers. The law was welcomed by cryptocurrency customers and businesses, because Israeli banks had been using the lack of legal clarity as an excuse to not serve them.

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However, a draft of an addition to the law ... (read more)