Wire

Sign in to baba News

One account across the web, iPhone and Android — your subscription follows it.

or use an email code

Search stories

Type at least two characters. Results come from every newsroom baba reads.

↑↓ to move · ↵ to open · esc to close

Sign in to baba News

Sign in to keep asking. News Plus removes the daily limit.

or use an email code

Full coverage· Economy· Updated

Israeli Regulators Tighten Crypto Market Rules to Boost Investor Protection

Israel's Capital Market Authority has introduced strict new regulations for crypto firms, including higher capital requirements and mandatory separation of client assets, to enhance investor protection and align with global standards.

2 newsrooms · 1 language · since

Sign in to baba News

Sign in to save this article and find it on your phone.

or use an email code

Israeli Regulators Tighten Crypto Market Rules to Boost Investor Protection
Illustration by baba

What happened

  1. 01Israeli regulators impose stricter capital and security requirements on crypto firms starting in six months.
  2. 02Custodial companies must hold at least 2.5 million shekels plus 0.25% of client assets as capital.
  3. 03Client assets must be fully separated from company assets and held in dedicated accounts.
  4. 04Digital wallet transfers require multi-signature approvals and advanced security controls.
  5. 05Firms must provide daily asset records and client access to holdings at all times.
  6. 06Use of foreign custodians allowed only under recognized regulatory frameworks with Israeli oversight.

These rules, effective in six months, also impose advanced security protocols and oversight measures, aiming to reduce risks of cyberattacks and platform failures while potentially raising operational costs.

Translated and summarized by baba from Walla, the latest report. Read Walla’s original

The coverage

2 newsrooms on this story

Who covered it

  • LeftNone
  • Centre1
  • RightNone
  • HarediNone
  • ArabNone
  • Other1

How it broke

See which of the 2 newsrooms broke it, and who waited