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Insights & News / Avihai Tal
Licensing and Supervision of Broker-Dealers: Key Points of the New Memorandum of Law
EU's New Guidance: Travel Rule to Combat Money Laundering in Crypto
Curaçao’s regulatory reform in gaming licensing
Proprietary Trading and Global Regulation
MiCA and Reverse Solicitation
The SEC Approves ETFs That Track Bitcoin
SEC Signals Intent to Regulate NFTs
The SEC is taking a regulation by enforcement stance toward NFTs and is creating legal uncertainty in the field. Will the Israel Securities Authority follow suit?
Securities, Digital and Financial Assets: New Definitions
After considering public comments, the Israel Securities Authority is promulgating a revised draft bill seeking to regulate the field of digital assets.
In First, Arrangements Law Includes Extensive Reference to Digital Assets
The draft of Israel’s Arrangements Law – Economic Plan for 2023-2024 addresses digital assets extensively for the first time. The draft bill contains a section dedicated to the regulation of digital assets and addresses stablecoins, taxation issues, the banking system, DAOs (decentralized autonomous organizations) and more.
Digital Assets or Securities?
The Israel Securities Authority recently published a proposal for a series of legislative amendments relating to digital (cryptographic) assets, whose implications go beyond the realm of digital assets and do not herald much good news for Israeli crypto ventures.
Can DeFi Use Exempt a Project from Compliance?
Activity in the form of financial decentralization (Decentralized Finance - DeFi) does not exempt from requirements in the field of prevention of money laundering prohibition or compliance with sanctions. It turns out that DeFi is subject to the same "laws of gravity" as projects in the traditional financial industry. Do You Own Crypto? AML Order Also Applies to Digital Currencies
For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently came into effect. The amendment will apply to financial asset service providers obligated to hold a license under the Control of Financial Services Law.
World’s Most Important Financial Institutions Seek Involvement in Crypto Field
While Israel’s banks are in no hurry to accept the blockchain industry and are avidly trying to keep their distance from cryptocurrencies, this is not the case elsewhere.
Recently, the major global securities, derivatives and financial trade associations sent a joint letter to the Bank for International Settlements (BIS), which develops banking supervision standards and criteria, to adopt regulation that will enable their involvement in the crypto asset sector.