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Israel Is Urged to Become a Global Hub for Digital-Currency Offerings

  • Nation can fashion itself as center for ICOs: Regulator
  • Investing in bitcoin like ‘19th century gold rush’: Hauser
Bloomberg business news
Bitcoin: What’s Coming in the Year Ahead

Israel should look at the explosion of cryptocurrencies as an opportunity to develop an international financial center for so-called initial coin offerings, the head of the country’s securities market regulator said.

What’s needed is sympathetic “and even daring” regulations to help foster digital sales, Shmuel Hauser, the head of the Israel Securities Authority, said Monday at a conference near Tel Aviv. Even so, the new market is so explosive that Israel must set controls, he said. “The quest for investments in bitcoin reminds me of the 19th century gold rush.”