Israel’s Capital Market, Insurance and Savings Authority has published new binding guidelines that will significantly tighten regulation of the country’s digital asset market, requiring licensed crypto service providers to comply with stricter oversight measures within six months.
The reform, considered one of the most significant moves taken in Israel’s crypto sector to date, is intended to strengthen protections for customer funds, reduce risks from cyberattacks, operational failures and company collapses, and bring Israel’s market closer to international regulatory standards.
The move comes after the Bank of Israel published a draft directive last week aimed at easing the deposit of crypto-related funds into the banking system….
