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Israel regulators support ?heavily regulated? cryptocurrency trading platform


TNW
Reuters
the Israel Securities Authority
ISA
the Thai National Legislative Assembly
Securities and Exchange Commission
SEC
the US SEC


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Israel
Thailand
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SOURCE: https://thenextweb.com/hardfork/2019/03/06/israel-regulated-cryptocurrency-trading-platform/
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Summary

Powered byBlockchain, cryptocurrencies, and insider stories by TNW.It's another step for STOs.An Israeli financial market regulator has given its recommendation for the creation of a heavily regulated cryptocurrency issuance platform, Reuters reports.According to the report, such a platform should allow companies to “raise money by issuing digital tokens to investors.”If you were starting to think this sounds like a securities offering, you’d probably be right.Alongside recommendations of creating a specialist platform, the Israel Securities Authority (ISA) suggests applying already existing securities laws to digital assets like securities tokens and cryptocurrencies.The ISA has not yet declared a timeline for the creation of such a platform, Reuters states.With all that in mind, if Israel does pursue this recommendation, it’s wholly likely that it will set some global precedent when it comes to security token offerings (STOs), as the rest of the world is looking at each other before making the first move.Earlier this year the Thai National Legislative Assembly gave the approval for the country’s Securities and Exchange Commission (SEC) to let Thailand-based companies issue tokenized securities.

As said here by Matthew Beedham