Avihai Tal

Avihai is an associate in the firm’s Regulation Department specializing in financial regulation.

Adv. Avihai Tal represents ventures from the fintech, digital currencies, and blockchain fields, advising on the impact of local and international regulation on their operations.

Avihai counsels clients on the issuance of digital currencies, decentralized platforms (DeFi), trading exchanges (CEX, DEX), decentralized autonomous organizations (DAOs), and more.

In addition, Avihai assists various types of financial entities, including investment houses, local and foreign banks, and investment funds.

Avihai is a member of the Bar Association’s Crypto Committee.

Avihai completed his internship at Barnea.

Education:

Reichman University, LL.B. and B.A. in Government, Diplomacy, and Strategy, 2021

Admission:

Israel Bar Association, 2023

Insights & News - Avihai Tal:

June 21, 2026

Investment Advice and Portfolio Management in Israel – Licensing Exemption for Qualified Clients Is Not a Full Exemption

The Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law stipulates that providing investment advice, investment marketing, and investment portfolio management services is contingent upon obtaining an appropriate license from the Israel Securities Authority.

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June 10, 2026

Service Provider Convicted of Algorithmic Trading in Unlicensed Foreign Trading Platform

Installing a “robot” for algorithmic trading and defining its parameters is not deemed a “technological service” but may constitute investment portfolio management, which requires a license. This is because the service provider retains material discretion (choice of platform, transaction volume, profit and loss targets, and risk management), even when the account and funds are in clients’ names.

ISA Publishes Directive Regulating One-Off Advisory Services and Alternative Assets

At the end of April 2026, the Israel Securities Authority (ISA) published a new draft directive regulating the activities of licensed investment advisors and marketers when providing one-off services and services in relation to alternative assets. The purpose of the directive is to reduce information asymmetries and mitigate potential conflicts of interest identified during ISA audits that, in some instances, even resulted in enforcement proceedings.

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Practice areas:

Blockchain and Crypto

Financial Regulation

Regulation