A simple definition change would be enough to cause significant harm to the Israeli crypto industry, according to the CEO of a local firm crypto service provider.
Ilan Sterk, CEO, Altshuler Shaham Horizon. Source: Facebook
“To classify a digital asset as a security, it’s changing everything here,” he said. Sterk didn’t think the current proposal would be enacted as is, saying he was “not sure it will be the same as they want to be,” and added:The ISAin early January that would give the regulator sweeping new powers to police the Israeli crypto industry.
The ISA also seeks powers to oversee the crypto industry and wants the reins to set requirements for issuers and intermediaries and also impose sanctions for non-compliance. Among the proposals was one which allowed crypto service providers to operate in Israel, at least temporarily, if they had a parallel license from abroad.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Activision CEO on Microsoft's $68.7 billion deal: Regulators don’t have experienceActivision Blizzard CEO Bobby Kotick talked about Microsoft’s proposed acquisition of the video game company and also addressed regulatory scrutiny of the proposed deal.
Read more »
Proposed bill would pay Washington incarcerated workers minimum wageA Washington state lawmaker who has spent time in prison wants the state to pay incarcerated workers minimum wage for doing their jobs. FOX13
Read more »
TUSD reacts to proposed changes to nutritional standards in schoolsTUSD Food Services Director Lindsay Aguilar said the proposed changes are, 'not necessarily something surprising.'
Read more »
D.C.’s street vendors hopeful about proposed bill to relax restrictionsIf the bill passes, D.C. would join cities like New York and Los Angeles in overhauling its street vending rules.
Read more »
Genesis creditors to expect 80% recovery under proposed restructuring planDigital Currency Group (DCG) is handing over its equity stake in a Genesis trading entity to the global holding company for the bankrupt crypto lender.
Read more »
New US Race, Ethnicity Standards Proposed for First Time Since 1997The federal government’s standards haven’t been changed since 1997, two decades after they were created as part of an effort to collect consistent race and ethnicity data across federal agencies when handling censuses, federal surveys and application forms for government benefits.
Read more »