Israeli regulator tightening cryptocurrency supervision in spite of the current market bullish trend


  • Crypto-related companies listed on TASE are requested to resubmit documents for clarification.
  • It’s barely a month since the regulator announced that it will not allow crypto-related firms to list with TASE.

The Israel Securities Authority (ISA) is looking keenly into the digital asset companies that have been listed on Tel Aviv Stock Exchange (TASE). The companies have been requested to clarify the information provided in documents that had been filed already.

The latest move by ISA has been interpreted as tightening the grip on crypto-related entities and especially the ones listed on the stock exchange. It’s barely a month since the regulator announced that it will not allow crypto-related firms to list with TASE.

The decision has been a working progress since December last year and is meant to protect investors from the volatility and risk that comes with cryptocurrency investments. The Israel Securities Exchange has been intending to change the rules at TASE to ensure that crypto firms that deal, hold, invest or even mine cryptocurrencies are kept away from the customers.

 

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