Client updates / Token

Israel Securities Authority: Tokens May Be Classified as Securities

25 January 2021 / Andrey Yanai, Dor Levi-Tam

The Israel Securities Authority recently established guidelines on when a cryptographic currency (token) is considered a security. The ISA determined that Kirobo tokens meet the definition of a security. This is primarily because the The Israel Securities believes investors would intend to purchase the tokens for financial purposes. In addition, these investors would anticipate their holdings to go up in value.

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Categories: Capital Markets | Capital Markets Regulation

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Client updates / Token