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

  • The Israeli regulator issues the first VASP license for Bits of Gold after 5 years of waiting.
  • The company will launch two new products in the near future.
  • One of the products will be monitored while the other integrates its services with legacy financing in the region.

The Israel Insurance and Savings Capital Markets Authority (ISCMA) has granted a license to cryptocurrency exchange Bits of Gold, the country’s first virtual asset service provider (VASP) license, according to an announcement. press report submitted to Bitcoin Magazine.

In 2016, a new law was passed requiring ISMCA to license these service providers. After almost 5 years of waiting, Bits of Gold is now the only operating company with this license.

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