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Digital adjustment
currencies have been a problem in cryptographic space for quite some time.
The regulation of cryptocurrency and uncertainty in the sector have made many of them
prominent investors to stay away. Since digital currencies are becoming more and more
popular, more governmental and regulatory agencies are entering the encrypted space.
Israeli central banks seek public opinion on the regulation of the crypt
The Israeli Central Bank, as well as
other government agencies are now looking for the public's opinion about it
the regulations of digital currencies. In a statement, the bank said it is a
need to keep track of developments in the field of digital money and to know them
implications on economic activity, financial stability, as well as the
financial markets.
According to the declaration
issued by the bank, the opinion of the interested parties, as well as other interested parties
parties, it will be really helpful in creating recommendations that will be
used to draw up regulations.
The banks said: "Their team would examine developments in
this field in Israel and outside the country, and to monitor the problem
regarding the application of the regulations
to the numerous uses of blockchain technology and their implications for
financial stability, financial markets and economic activity. The team will do it
put together information and data to create a knowledge base on public and
regulatory issues. "
Risks in the space of digital money
The inter-agency team wants the
public opinion about the risks associated with the use of digital
currencies. The inter-agency group is composed of the Israeli Tax Authority, the
Bank of Israel, Israel Securities Authority, Capital Market Authority, e
the Ministry of Finance.
This is remarkable because of a relationship
that was published last week. The report advised the banks of Israel not to release
a digital Shekel as a result of the risks it poses on the financial system of
Country. Another problem that the team is looking for the opinion of
public includes the barriers that
digital currency companies are facing Israel.
The inter-agency also includes
the Ministry of Justice and the Ban on the financing of Israeli money and terrorism
Authority. The team also wants to find out how digital currencies and
blockchain technology can be used to manage the challenges that arise when
fight the financing of terrorism and money
recycling.
Furthermore, the team wants
know the kind of obstacles encountered by companies that plan ICOs in Israel
when trying to raise funds in the Middle Eastern country. I'm interested in
know the experiences of companies that have tried to raise funds through Initial
Offers of coins in the past.
In addition to the appearance of
regulation, the team sees the digital currencies and DLT (distributed ledger
technology) as a major advantage for other aspects of the economy. As a result of
that, the inter-agency group is asking for public opinion on the
types of opportunities that these technologies offer to the financial sector like
good as other industries.
Bitcoin (BTC) Price today – BTC / USD
At the time of writing, Bitcoin
(BTC) is trading at $ 4,057 after a decrease of about 2 percent compared to the past
twenty-four hours. The digital currency currently has a market capitalization of $ 69.62 billion
and its trading volume in the last twenty-four hours is $ 6.29 billion.
