Israel to Regulate Financial Service Providers Dealing in Virtual Currency
The Knesset (the Israeli Parliament) has passed into law legislation that would regulate, among others, financial service providers that deal in virtual currencies. The Supervision of Financial Services (Regulated Financial Services) Law, 5776-2016 seeks to comprehensively regulate non-institutional financial service providers (i.e., non-institutional currency service providers and credit providers), by developing the non-institutional financial services sector and establishing an alternative ...
