Market News: Israel Might Ban Public Companies from Bitcoin Trading

Israeli bitcoin trading companies are likely to face tighter rules forced by the country’s finance regulator.

By Reuters, in a business conference on Dec. 26, the head the Israel Securities Authority (ISA) Shmuel Hauser promised to present a proposal to the ISA board next week, which will attempt to ban any company with a major involvement in bitcoin trading from the Tel Aviv Stock Exchange (TASE).

Hauser stated:

“If we have a company [and] their main business is digital currencies, we would not allow it. If already listed, its trading will be suspended.”

According to Hauser, if the proposal is signed, it would have to go through a public hearing before the domestic exchange is required to abide the new laws.