E Point Perfect

Israel’s Main Stock Exchange to Launch Cryptocurrency Trading: Details


article image

Gamza Khanzadaev

Israel’s TASE announces plans to venture into cryptocurrency and blockchain

Israel’s main and only stock exchange, the Tel Aviv Stock Exchange (TASE), has included the creation of a blockchain platform for investing in cryptocurrencies in its 2023-2027 development strategy. According to the press release, TASE is going to strengthen the use of innovative technologies, including blockchain, tokenization of various asset classes, as well as implementation of smart contracts.

The exchange will consider several options for the implementation of its plan, including the transfer of the current infrastructure to new technological solutions, their implementation in specialized platform and the creation of various services and products related to digital assets.

Given that the previous strategic plan was successfully completed, there is no doubt that cryptocurrencies and blockchain will arrive on the site of the main Israeli financial platform, despite a lack of clear dates so far. As a result of the new strategy, management has seen a 10-12% increase in revenue for TASE over the next five years.

Crypto and Israel

Israel is a rather crypto-friendly country. For example, the country’s central bank has been studying the possibility of launching a digital shekel for several years and even conducted a pilot launch on Ethereum. Recently, the government placed a pilot issue of tokenized bonds.


In addition, Israeli banks such as Bank Leumi offer crypto trading, and bank card companies Max and Isracard allow cardholders to buy cryptocurrencies.


Source link

Related posts

Crypto Market Review, September 14

Novogratz Says Bitcoin Will Win in Long Run (Under One Condition)

Former NYSE Group President Believes Bitcoin Could Retest $17,000

Last Time This Happened, Bitcoin Rallied 300%

Uniswap Aims at $100 Million in New Funding Amid Crypto Crash

One of Largest Ethereum Holders in World Would Surprise You