Israel Grants Its First Bitcoin, Crypto Trading License To Local Exchange Bits of Gold — Bitcoin Magazine

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  • Israeli reg­u­la­tors grant the first VASP license to Bits of Gold after 5 years of waiting.
  • The com­pa­ny is launch­ing two new prod­ucts in the near future. 
  • One of the prod­ucts will be cus­to­di­al while the oth­er inte­grates its ser­vices with lega­cy finance in the region.

The Israeli Insur­ance and Sav­ings Cap­i­tal Mar­ket Author­i­ty (ISCMA) has grant­ed cryp­tocur­ren­cy exchange Bits of Gold the first vir­tu­al asset ser­vice provider (VASP) license in the coun­try, per a press release sent to Bit­coin Magazine. 

In 2016, a new law was passed requir­ing the ISMCA to grant licens­es for these ser­vice providers. After wait­ing almost five years, Bits of Gold is now the only active com­pa­ny to hold this license. 

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