Israel Securities Authority Amendment to Incorporate "Digital Assets" into Existing Securities Regulations

The Israel Securities Authority (ISA) is in the process of establishing a new legal structure for digital assets, bringing digital assets under the authority’s supervision and could provide greater transparency to the industry, CoinDesk reported. According to the proposal, amendments to the country's laws would include "digital assets" in existing securities regulations, potentially treating most cryptocurrencies as financial investments regulated by the ISA. The authority's proposals are open for comment until February 12, and are recommended to come into full force within six months of approval.