Israel Securities Authority Wants a Dedicated Token Exchange

Regulating Coin Offerings in Israel
The Committee for the Examination and Regulation of the Issuance of Cryptographic Coins was established in August 2017 to consider the applicability of local securities law to initial coin offerings (ICOs). The committee was asked to study and characterize these projects, prepare a comparative review of the law in various countries around the world, and recommend a regulatory policy outline in areas related to the securities law. This was supposed to be done while balancing the encouragement of technological innovation with the obligation to safeguard the interest of the investing public.
Main Recommendations
The final report offers a few main recommendations. The first is applying securities law to the issuance of crypto assets, while adapting the suitability of disclosure requirements to the unique characteristics of the activities of these projects. The second recommendation is the use of a regulatory sandbox framework in order for the ISA to acquire experience in the field and to accompany entrepreneurs in this format.
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