deposit fiat currency for crypto trading, which would be overseen by the Bank of Israel. According to the draft, NBMs (Non-Banking Money Changers) would be allowed to provide crypto and custodial services. The services will be limited to Bitcoin and other cryptos subject to approval by the Bank of Israel.

Safety & Consumer Protection

TASE is continuously working towards ensuring that the entire trading process remains safe for both customers and investors by adhering to the rules and regulations set forth by the Bank of Israel. This includes ensuring consumer protection by implementing safeguards such as know-your-customer (KYC) procedures, anti-money laundering (AML), and cyber security protocols. The public comment period will be open until April 19, and the final decision on the expansion is expected to come out in the second half of 2021.

1. March 2023

• The Tel Aviv Stock Exchange (TASE) is planning to expand its activities in order to offer cryptocurrency trading services to non-banking customers.
• A draft has been released for public comment, and if approved, NBMs would be able to provide crypto and custodial services.
• TASE is continuously working towards ensuring that the trading process remains safe with proper consumer protection.

Tel Aviv Stock Exchange Expansion Plans

The Tel Aviv Stock Exchange (TASE) is planning to expand its authorized activities in order to offer customers from the non-banking sector the ability to trade crypto. TASE operates Israel’s only public equity platform. The draft for the approval wherein TASE is taking steps to introduce digital asset trading activities has been published for public comment based on recent announcements.

Fiat Currency Deposit & Crypto Trading

The first announcement was made on February 27, stating that the proposed structure would let customers deposit fiat currency, which could then be used for investing in digital assets. Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Non-Banking Institutions (NBIs)

  TASE’s regulatory initiative to expand the list of authorized services for non-banking institutions (NBIs) is now open for public comment. NBMs are primarily intermediaries who provide brokerage, investment, and advisory services. NBMs can process several transactions which include the transfer of funds, but they are not allowed by law to accept direct deposits from customers or even act as custodians.
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  TASE has specifically spoken about how customers shall be allowed to deposit fiat currencies to trade crypto; similarly, clients shall also be able to withdraw their funds after selling their crypto. BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io Play Now!

Omnibus Account For Intermediary Trading

The working analysis of this system is still complicated and not much about that has been revealed as of yet; however it is mentioned that TASE is continuously working towards ensuring that the trading process remains safe with proper consumer protection. If this new proposal is approved, NBMs will be licensed providers of crypto and custodial services until then customer funds shall be transferred into an “omnibus account,” which will act as an intermediary for crypto trading activities.

Crypto Services Offered By Bank Leumi

     In the previous year Tel Aviv’s banking institution Bank Leumi had already started offering crypto trading services customers in partnership with Paxos Growing Demand For Crypto In press release TASE continues speak all unfortunate events have occurred industry over past year how they continue affect space It also highlights despite risks involved industry customers have de