Israeli regulator teases full crypto framework at ICC
This year's annual Israeli crypto conference focused on regulation and CBDCs: the regulated status of cryptocurrencies would open up many doors of possibilities.
Opinion
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies in crypto, decentralized finance (DeFi), and blockchain, and their role in shaping of the 21st century economy.
While regulation is always a hot topic for the crypto scene, it's always interesting to peek behind the curtains and get a sense of how the people writing the rulebook view the state of the game. At the end of May, Israeli crypto enthusiasts and entrepreneurs had the opportunity to do just that by coming together for the annual Israel Crypto Conference, to be held May 23-25.
Participating in one of his panels was none other as Ilan Gildin, chief economist and strategic adviser at the Israel Securities Authority. Gildin joined other prominent panelists, including Maya Zehavi of a Stealth Mode venture capital fund, and Jonathan Shek of Oz Finance, to share his thoughts on the future prospects for DeFi. It was there that he revealed that a range of Israeli financial authorities had prepared a comprehensive and holistic regulatory framework for digital assets. The document was coming in the near future, he shared, and the powers that be were seeking to foster the growth of the Israeli crypto industry in a responsible and compliant manner.
Now, any Israeli will tell you that here, "near future" can mean anywhere from a few weeks to a few years, and the latter is more likely. Still, some in the audience were likely curious to hear about the upcoming rulebook, and Ilan's acknowledgment that some of the unique features of crypto are indeed valuable. Crypto winter will show which ones are, he said, as the DeFi space also has its fair share of hot air.
Essentially, it also highlighted some of the key concerns that regulators could be targeting. When code is law, someone needs to explain it honestly to those who aren't in the know, he shared, and also pointed to stablecoins as the 'glass ceiling' for the industry. cryptography – an understandable concern,
This year's annual Israeli crypto conference focused on regulation and CBDCs: the regulated status of cryptocurrencies would open up many doors of possibilities.
Opinion
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies in crypto, decentralized finance (DeFi), and blockchain, and their role in shaping of the 21st century economy.
While regulation is always a hot topic for the crypto scene, it's always interesting to peek behind the curtains and get a sense of how the people writing the rulebook view the state of the game. At the end of May, Israeli crypto enthusiasts and entrepreneurs had the opportunity to do just that by coming together for the annual Israel Crypto Conference, to be held May 23-25.
Participating in one of his panels was none other as Ilan Gildin, chief economist and strategic adviser at the Israel Securities Authority. Gildin joined other prominent panelists, including Maya Zehavi of a Stealth Mode venture capital fund, and Jonathan Shek of Oz Finance, to share his thoughts on the future prospects for DeFi. It was there that he revealed that a range of Israeli financial authorities had prepared a comprehensive and holistic regulatory framework for digital assets. The document was coming in the near future, he shared, and the powers that be were seeking to foster the growth of the Israeli crypto industry in a responsible and compliant manner.
Now, any Israeli will tell you that here, "near future" can mean anywhere from a few weeks to a few years, and the latter is more likely. Still, some in the audience were likely curious to hear about the upcoming rulebook, and Ilan's acknowledgment that some of the unique features of crypto are indeed valuable. Crypto winter will show which ones are, he said, as the DeFi space also has its fair share of hot air.
Essentially, it also highlighted some of the key concerns that regulators could be targeting. When code is law, someone needs to explain it honestly to those who aren't in the know, he shared, and also pointed to stablecoins as the 'glass ceiling' for the industry. cryptography – an understandable concern,
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