According to recent reports about the crypto industry in Israel, soon all crypto assets will fall from now on under anti-money laundering regulations. Israel’s Authority for Combating Terror Financing and Money Laundering has apparently increased its effort to fight the emerging money laundering cases that use cryptocurrency assets.
The agency is planning on monitoring Bitcoin assets, Ethereum coins, financial technology firms, and further financial products of importance. Its director, Shlomit Wegman, insists that these new rules will be implemented to ensure more safety and security for everyone.
The popularity of cryptocurrencies in Israel has increased immensely, and authorities are taking a more stringent approach against crypto-related crime as a result of that.
Source
Personally, I am always of the opinion that strict but fair regulation is a good thing for any industry.
The agency is planning on monitoring Bitcoin assets, Ethereum coins, financial technology firms, and further financial products of importance. Its director, Shlomit Wegman, insists that these new rules will be implemented to ensure more safety and security for everyone.
The popularity of cryptocurrencies in Israel has increased immensely, and authorities are taking a more stringent approach against crypto-related crime as a result of that.
Source
Personally, I am always of the opinion that strict but fair regulation is a good thing for any industry.
