Israel Could Include Crypto Into Existing Country Laws

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The potential changes could come into effect in half a year.

The Israel Securities Authority could amend three of its existing monetary laws to squeeze in cryptocurrencies.

The potential amendment aims to give Israeli crypto participants additional protection and to underline the sector’s technological advancement. The regulator believes embracing the crypto industry could positively affect Israel’s economy because it could trigger the flow of diverse capital.“The advanced technology in these assets can lead to economic efficiency in many areas, reduce costs, save the need for intermediaries and optimize the way information is transferred between entities,” the proposal reads.

 

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