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Israel unhappy over unregulated cryptocurrency trade

Israeli authorities are demanding the international crypto stock-exchange Binance to explain unregulated digital currency trade in the country.

Global commerce in cryptocurrency poses regulatory and other challenges for monetary authorities in various countries, and friction. In Israel, the Capital Authority — the governmental body responsible for managing the capital market, the exchanges, currency exchanges, and more — recently stopped the trade of the giant international crypto exchange Binance.

The authority, which is responsible for licenses for groups working in crypto, is asking Binance to clarify the types of services it provides for Israelis and the licenses under which it operates. 

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