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Proposed Israeli law to classify crypto as securities will hurt the industry, says crypto exec

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Israel's regulators proposed classifying crypto as securities, but what would be the impact on the industry? According to Altshuler Shaham Horizon's CEO “you cannot classify all the digital assets as securities because it will kill the industry.”

He explained the current proposal is to have digital assets under the supervision of the Israel Securities Authority , the nation’s securities regulator.

It seeks to amend the definition of securities to include “digital assets” used for financial investment. It clarified the definition of “digital assets” as a digital “representation” of value or rights used for financial investment. Under the ISA’s proposal, issuers of digital assets would be required to publish a prospectus-like document before issuing or registering digital assets for trading.Meanwhile, the Ministry of FinanceIsraeli court rules authorities can seize crypto in 150 blacklisted wallets

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Proposed Israeli law to classify crypto as securities will 'kill the industry'Proposed regulations from the Israel Securities Authority (ISA) to reclassify cryptocurrencies as securities would seriously damage the crypto industry in Israel according to Altshuler Shaham Horizon CEO, Ilan Sterk.
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