Israel’s Securities Watchdog Moves to Better Supervise Crypto Assets

The amendments to the country’s laws would squeeze “digital assets” into existing securities regulations, according to the proposal, potentially treating most crypto as financial investments supervised by the ISA. The changes would define the assets as digital representations of value that are used for financial investment and that can be transferred using a distributed ledger, and digital assets would be added under the existing category of “financial instruments” in Israeli securities law.