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ISRAELI REGULATOR WON’T ALLOW BITCOIN FIRMS BE INCLUDED IN STOCK INDICES

Speaking this morning at the Hi-tech Growth and Debt Financing Conference held at the Tel Aviv Stock Exchange (TASE) Prof. Shmuel Hauser, the outgoing ISA Chairman, talked about his views on regulation and investor-protection in an age of technological progress.

Setting the tone of his speech, which included many other innovations other than those bitcoin-related, he said: “we want make sure that fintech will not be a revolution that creates anarchy. We don’t want fintech to be viewed as a jungle of investments in which the interests of the public are not protected.”

When addressing the issue of bitcoin, after the obligatory ‘this looks like a bubble’ regulators routinely say these days, the professor added: “I would like to emphasize that we will not allow companies whose values are based on bitcoin values, such as ‘Mashabei Teva’ to be included in TASE indices. We will also consider not to allow trading in ‘back-door’ ‘costumes’ of bitcoin or alike, on TASE until we find suitable regulatory framework for such instruments.”

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