Israel's Central Bank Proposes Rules for Stablecoins Including 100% Reserve Requirement

2023-2-22 16:45

The recommendations target consumer protection, risk management and prudential requirements, the Bank of Israel said.

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Israeli Crypto Traders Fight Bank Lockouts with a Freedom of Information Petition

Several Bitcoin and crypto traders of Israel are facing a problem with banks right now. Many banks are not very sympathetic with crypto traders and are closing their accounts. This has prompted several of them to start a series of lawsuits against the banking institutions, the Globes has recently reported. The problems are pretty varied. […]

2019-8-20 22:47


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Израильский суд разрешил банкам не работать с криптовалютным бизнесом

Страна может столкнуться с оттоком предпринимателей, работающих с новыми финансовыми технологиями. Суд в Тель-Авиве постановил, что Union Bank of Israel (UBI) или Igud Bank не имеет права закрывать счета компании Israminers Ltd.

2019-3-21 10:20


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Banks May Refuse Deposits from Crypto Firms, Says Israeli Court

An Israeli court has ruled that Union Bank of Israel cannot close the bank account of a crypto mining firm but can refuse certain deposits, as reported on March 17, 2019. Illegal Closure Despite consistent collaborations with various banks around the world, the blockchain industry has continuously faced the challenge of not being able toRead MoreRead More.

2019-3-19 22:00


Суд Тель-Авива запретил банку закрывать счет майнинговой компании Israminers

Суд в Израиле вновь вынес решение против местного банка, который пытался закрыть счет криптовалютной компании без объяснения причин. На этот раз суд Тель-Авива постановил, что банк не может отказать в обслуживании счета компании, занимающейся майнингом криптовалют.

2019-3-18 17:00


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Bank of Israel Publishes a Report On Central Bank Digital Currencies

The Governor of the Bank of Israel, in November 2017, appointed a team of research analysts to explore the possibility of introducing Central Bank Digital Currencies (CBDC). According to the report, published on November 6, 2018, the team raised many concerns and did not recommend the Bank of Israel to progress forward with a digital currency in the near future.

2018-11-8 18:00


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As Cryptocurrency Gains Popularity In Israel, Discussions Continue About a ‘Crypto-Shekel’

Top leadership in Israel has long considered launching a state-backed virtual currency. Discussions have only grown as the nation’s cryptocurrency sector continues to blossom. The Bank of Israel, as well as the nation’s Finance Ministry, has been mulling over the idea of a state-sponsored cryptocurrency since Bitcoin’s price high at the tail end of 2017.

2018-8-27 07:00


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Regulations Round-Up: Malta Clarifies Law, UK Wealth Managers Urge FCA Action

In recent regulatory news, Malta’s financial regulator has sought to clarify the nation’s cryptocurrency regulations following the passing of an act pertaining to crypto assets, UK-based wealth managers have called for the FCA to take a strong stance regarding cryptocurrencies, and the deputy governor of Bank of Israel has predicted that cryptocurrencies will contribute to […] The post Regulations Round-Up: Malta Clarifies Law, UK Wealth Managers Urge FCA Action appeared first on Bitcoin News.

2018-7-25 02:05