Israeli Regulator: ICOs Are a Challenge to Current Global Regulations

[kreslik.news]

If anyone in the blockchain and cryptocurrency community was still wondering if regulators are aware of ICOs (initial coin offerings), we just got an answer. Israel’s chief financial watchdog gave a very hard review of everyone’s favorite new crowdfunding method in a speech to the financial industry in Tel Aviv about an hour ago.

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Prof. Shmuel Hauser, Head of the Israeli Securities Authority, said (translated by Finance Magnates):

[i]“We have to address today what is happening with bitcoin, blockchain and ICOs that are challenging the current regulation around the world. It is here at the gates ... (read more)