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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This doesn't surprise me at all. Israel has a long history of suppressing everyone who's not Jewish.
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Thats bad news for cryptocurrencies
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Some clarifications about this:
The ban that the post refers to is on membership in the Israeli stock exchange. This is mentioned in the post but I'd like to emphasize that it by no means will rander any activity illegal.
The ban refers to companies in the financial sector not on blockchain technology companies, etc.
Hauzer only said that he may consider taking this step. In the Israeli culture that almost certainly means that it is not hoing to happen.
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