Tel Aviv Stock Exchange proposes regulations for cryptocurrency trading.
The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated institutions getting involved in the digital asset market, the exchange noted.The Tel Aviv Stock Exchange has published a draft proposing to allow clients of non-banking institutions among its members to buy and sell cryptocurrencies. It intends to expand the list of authorized activities for such entities in order to add crypto trading.
Israel’s only public exchange is now seeking feedback on its regulatory initiative. The call for comments was posted on Monday. Upon their receipt, the proposal will be submitted for approval by the Board of Directors, it said and elaborated: In a press release, TASE marked the turbulent events in the crypto space over the course of the past year while highlighting the growing demand from customers and the greater involvement of regulated institutions. It insisted that all this requires regulation that will mitigate various risks.
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