The Tel Aviv Stock Exchange (TASE) has proposed a draft for public comments to approve the expansion of authorized activities of non-banking members (NBMs) to include trading in cryptocurrency. The move aims to regulate the rapidly developing cryptocurrency sector, mitigate the risks associated with it, and protect customers. The proposed structure would allow customers to deposit money designated for investment in cryptocurrency and withdraw monies originating from those currencies. TASE believes that this alignment of local regulation with international regulation will attract more foreign investments and investors into the Israeli market while developing and advancing the Israeli capital market.
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