israel to halt trade in cryptocurrencybased firms
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Israel to halt trade in cryptocurrency-based firms

Arab Today, arab today

Arab Today, arab today Israel to halt trade in cryptocurrency-based firms

In Washington, bitcoin medals.
Jerusalem - Arab Today

The Israel Securities Authority said it is moving to ban trading in cryptocurrency-based companies on the Tel Aviv market until transactions involving digital coins are legally regulated.

The head of the authority, Shmuel Hauser, said on Monday that the stock market regulator would discuss the proposal at a meeting next week.

"So long there is no regulatory framework, we will make it that companies whose trade is primarily based on digital coins won't be able to trade at the (Tel Aviv) stock market," he said.

In addition, "the activity of a company that already exists and most of its activity is through bitcoin will be suspended," he said.

"We'll do that until we find an appropriate regulatory framework for this trade," Hauser said. "This has to be done because the public is not protected as far as digital currency trade goes."

bitcoin prices had climbed in recent weeks before suffering a dramatic plunge on Friday, dropping 20 percent at one point below the $13,000 mark. By Tuesday, the currency had regained some of its value and crossed $15,000.

At its height, bitcoin had soared almost 30-fold since the start of the year and has moved into the mainstream as two major US exchanges began trading futures in the unit.

"I think the bitcoin price is a bubble. Nobody knows what is behind it," Hauser said on Monday.

The vice-president of the European Central Bank has also expressed concern about the relentless rise in the value of bitcoin and the potential risk accompanying the trend.

US Federal Reserve boss Janet Yellen has said bitcoin is not money and called on banks to be certain their digital currency transactions adhere to anti-money laundering statutes.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

israel to halt trade in cryptocurrencybased firms israel to halt trade in cryptocurrencybased firms

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

israel to halt trade in cryptocurrencybased firms israel to halt trade in cryptocurrencybased firms

 



GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 09:00 2018 Wednesday ,12 December

May tours Europe in desperate bid to save Brexit deal

GMT 09:47 2018 Monday ,10 December

Russian ex-policeman convicted over 56 murders

GMT 15:40 2018 Monday ,10 December

Amman stock market closes trading at JD4.4 million

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 09:12 2018 Wednesday ,12 December

Ford trains 1,600 motorists in Mideast, Africa in 2018

GMT 03:35 2017 Thursday ,14 December

Oh my stars! Stage set for 'spectacular' meteor show

GMT 15:08 2018 Monday ,19 November

Amman stock market wraps up trading at JD6.1 million

GMT 12:35 2017 Sunday ,22 October

PML-N ready to sign charter of economy

GMT 08:38 2017 Tuesday ,07 March

Australia leaves interest rates on hold

GMT 08:11 2017 Wednesday ,19 April

Interior Undersecretary chairs GCC security meeting
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday