Israel has reportedly enacted new regulations related to the cryptocurrency industry in order to combat illegal activities such a money laundering and terrorism financing.
The government of Israel enforced new Anti-Money Laundering (AML) regulations on Sunday, requiring local fintech companies and virtual currency service providers (VASP) to obtain an operating license, local news agency Globes reported.
The Israel Securities Authority, the Capital Markets, Insurance and Savings Authority, the country’s independent financial regulator, is now reportedly in the process of reviewing various VASPs that have applied for such a license.
Shlomit Wagman, director of the Israel Money Laundering and Terror Financing Prohibition Authority, said that the
Read more on cointelegraph.com