The Proposed Law in Israel to Classify Cryptocurrency as a Security: Is it a Risky Move?

A proposed law in Israel that seek cryptocurrencies to be classified as securities would cause huge damage to the local crypto industry as there were around 150 companies operating in the local crypto industry. The Israel Securities Authority (ISA) have been changing the proposal frequently as it seeks power to oversee the crypto industry, to set requirements for issuers and intermediaries and to impose sanctions for non-compliance. 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.

#KOMnews #kommunitas #IsraelLaw #CryptoClassification #SecurityClassification #CryptocurrencyLaw #RiskyMove #CryptoRegulation #cryptonews #cryptoupdate

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