Israeli Securities Authority aims to create guidelines around digital asset management

The Israeli Securities Authority (ISA) has suggested a framework for regulations around digital assets due to the enhancing amount of Israeli investors and presence of around 150 functional companies in Israel, as reported by Cointelegraph.

According to Cointelegraph, the regulator unveiled a proposal in January, 2023, for achieving the “double value” around reacting to risks related to digital asset-based investments. Reportedly, the authority has developed panels over the past years to supervise cryptocurrencies’ issuance and back development of Israel’s digital markets. It is believed that the recent committee was assigned with the duty to examine the authority’s policy on investment products in digital assets. Furthermore, the authority also aims to oversee the digital asset industry.