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Israel Might Ban all Companies Related to Cryptocurrencies

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Israel Might Ban all Companies Related to Cryptocurrencies

Post by Vladdirescu on Wed Jan 10, 2018 11:21 pm

Cryptocurrency is quite a controversial industry. While some eagerly accept its disruptive potential for the entire financial sector, some (mostly, governments as they can’t regulate it) look quite suspiciously at it or even try to ban it. But how can you ban something you can’t control?

The Israel Securities Authority (ISA) thought of a better idea. Instead of banning cryptocurrencies itself it decided to ban cryptocurrency-related companies from trading their shares on the Tel Aviv Stock Exchange. The amendment on cryptocurrencies was proposed by ISA chairman Shmuel Hauser. If the change is accepted, all cryptocurrency related companies will be unable to list their shares on the national stock exchange, and those already trading their shares would be delisted.

Read more on Coinidol.com: https://coinidol.com/israel-ban-all-companies-related-to-cryptocurrencies/


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