[Blockchain Today Correspondent Han Ji-hye] It is reported that major cryptocurrency exchange Binance has suspended all activities and marketing for service provision and operation in Israel in response to a licensing request from Israeli financial regulators.
According to a Cointelegraph report on the 17th (local time) citing the Israeli economic newspaper Globes, the Israeli Capital Markets Authority asked Binance to submit information about the services provided in Israel and operating licenses, etc. requested
Binance did not submit an Israeli business license application, according to the Israeli regulator responsible for licensing companies related to cryptocurrencies. As a result, the regulator said, “Binance should suspend all activities, including marketing, in Israel until the investigation into the licensing issue is complete.”
Currently, the Israeli shekel has been removed from the Binance website. According to Cointelegraph, Binance has been allowing people to buy cryptocurrencies in Israeli shekels since February 2020. However, at the time of media reports, the Israeli exchange’s job advertisement was still running on the website.
Meanwhile, in July of last year, Binance CEO and Founder Changpeng Zhao said, “Binance wants to work with local regulators in each country when establishing an exchange.” However, the exchange still has several countries warnings. is receiving a situation.
The exchange is currently under regulatory scrutiny in Italy, Malaysia, Poland, Germany, United Kingdom, Cayman Islands, Thailand, Canada, Japan, Singapore, etc., while other countries have issued statements alleging ‘Binance Illegal Operation’, cautioned.
Israel, with a population of about 1 million, appears to welcome the application of appropriate regulations on the introduction of digital assets, Cointelegraph said. Israeli President Isaac Herzog received an NFT to commemorate the oath of office in July last year, and the central bank of Israel is said to have been exploring the introduction of the digital shekel for about five years.
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