The Israel Securities Authority plans to ban bitcoin at the Tel Aviv Stock Exchange (TASE), moving to bar companies whose value is based on virtual currency from being traded.
Stocks linked to cryptocurrencies will not be listed on the TASE, the Israel Securities Authority recently decided, with ISA chairman Shmuel Hauser citing concerns at a Calcalist conference Monday that “the price of bitcoin is a bubble. No one knows what’s behind it.”
Hauser, who leaves his position next month after serving for six and a half years, has appointed a committee to draft recommendations on how to regulate securities tied to cryptocurrencies.
Two firms that have moved to bitcoin and are currently listed on the TASE, Blockchain Mining and Fantasy Network, a gaming company, may be suspended due to the new rules.