Tag Archives: Israel

The Tel Aviv Stock Exchange (TASE) is willing to enable clients of its non-banking members to trade cryptocurrencies.  Its proposal comes as a result of the turmoil experienced in the sector last year, which according to numerous watchdogs, was a prerequisite for imposing stricter regulations. Authorizing NBMs The TASE – Israel’s only public stock exchange – wants to expand the authorized activities of its non-banking members (NBMs) to allow customers to trade digital...

The Israel Securities Authority (ISA) could amend three of its existing monetary laws to squeeze in cryptocurrencies.  The regulator’s proposals seek to grant investors maximum security when dealing with digital assets, reminding about the recent collapse of FTX and the severe losses it caused to consumers.  Paying Attention to Crypto Israel’s financial watchdog proposed that cryptocurrencies should be included in the nation’s existing securities legislation. As such, the...

Numerous Palestinians in the blockaded enclave of Gaza have lost their lives due to the Israeli-Palestinian conflict, while others are on the edge of survival. The total destruction of the area has also negatively affected the local financial network. Trying to preserve their wealth and monetary independence from Israel, an increasing number of Gazans have turned to bitcoin and other digital currencies. The Israeli-Palestinian War The clash between the two nations, which...

The Tel Aviv Stock Exchange (TASE) in Israel is looking to unveil a new digital currency trading platform within the next few years. The exchange will come to fruition between 2023 and 2027 and will provide customers with new blockchain-based trading services so they can get involved in the crypto scene. The TASE Is Making Way for Crypto In a recent statement, the TASE mentioned: TASE will promote the implementation of innovative technologies including DLT, tokenizing of...

The Tel Aviv Stock Exchange (TASE) – Israel’s sole equity and debt marketplace – now plans to establish a blockchain and digital asset-based trading platform. The exchange will focus on the development of distributed ledger and smart contract technologies while creating various types of tokenized digital assets.  Focusing on Future Tech Tel Aviv’s blockchain-related plans were detailed within its 2023 to 2027 strategy document published on Monday. Among the four strategic...

Israeli authorities have arrested three individuals suspected of defrauding the French state treasury. The undercover investigation was carried out jointly by the Israel police and the Israel Tax Authority over the last few months. Foreign investigative agencies – Europol and the French Police – also cooperated. As per Reuters, the investigators are looking into a potential “large-scale fraud” that they believe was committed against the state treasury in France. The crime,...

The Defense Ministry of Israel reportedly seized 30 digital wallets belonging to businesses associated with the exchange company al-Mutahadun. The authorities accused the latter of funding the terrorist organization Hamas. Israel’s Latest Seizure In 2021, al-Mutahadun was one of the firms designated as a terrorist-funding entity by Israeli officials. Specifically, they claimed that the Shamlah family-owned company “assists the Hamas terror group, and especially its military...

Leading Israeli bank, Hapoalim Bank, has recently filed a letter of defense to dismiss the claims of the 69-year-old pensioner, Esther Freeman, to allow the deposit of $320k profit she made from a $3,000 Bitcoin investment nearly nine years ago. According to a Thursday report by a local media outlet, the bank claims that its insistence on denying the deposit was because of cases where digital currencies are used to facilitate money laundering and terrorist financing. Hapoalim...

In the quest not to fall behind in its drive to develop a central bank-backed digital currency (CBDC), policymakers in Israel reportedly tested stakeholders’ views to determine the risks and limits of a national digital currency. Yoav Soffer, the head of the Bank of Israel’s digital project, announced the trial, as reported by Bloomberg. He noted that knowing the opinion of stakeholders is an ongoing process, even though the digital shekel is still in its developmental stage...

Israel’s authorities continue their efforts in order to clamp down on individuals and companies supposedly related to funding terrorism. In the latest example, they seized just over $800,000 in digital assets from such a firm. According to a recent local report, Defense Minister Benny Grantz has signed the order for the seizure. The coverage indicated that the total amount was NIS 2.6 million (worth approximately $840,000) in undisclosed crypto assets. The funds were...