The recommendations call for the creation of a new regulatory infrastructure, legislating licensing powers and supervision over the issuance of backed digital assets, including stablecoins, and the provision of financial services through them. The recommendations also call for legislation to be passed that would transfer supervision over digital assets “that have a significant stability or monetary effect” to the Bank of Israel.
Related posts
-
Tesla Maintains Bitcoin Holdings — Balance Sheet Shows $184 Million in Digital Assets
Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet... -
KPMG Survey Finds 75% of Canada’s Institutions Owned Crypto Assets in 2023
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Cosmos Developers Patch Critical Flaw in IBC Protocol, Safeguarding $126 Million in Assets
Cosmos developers have successfully rectified a critical security vulnerability...