Israeli digital securities exchange gets preliminary green light from regulators

Israeli digital securities exchange gets preliminary green light from regulators


An Israeli start-up that aims to establish a digital ledger technology-based digital securities exchange in the country has received its first, encouraging go-ahead from the Israel Securities Authority.

In an application letter filed with the regulator on Feb. 14, Simetria had sought the ISA’s approval to operate a digital bulletin board as a preliminary step in its roadmap for the eventual launch of its digital exchange. The letter noted the increasing integration of DLT technologies into market infrastructures globally, and the evolution of legislative frameworks to accommodate this innovation. 

In the case of Israel, a Memorandum of Securities Law published by the ISA in 2020 proposed legislation that would facilitate the creation of smaller-scale, innovative digital exchanges:

Trending: Lin Wood Leaks Whistleblower Transcripts Exposing VP Pence

“The Ministry of Finance wishes to promote securities trading activities on trading platforms that do not operate on the same scale as the Tel Aviv Stock Exchange, and have unique features or designated purposes, such as trading platforms designated for sophisticated investors (such as

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend