Israel Publishes Draft Law Concerning Money Laundering and Cryptocurrency

23

May 27 2018

Israel has taken a step forward in cryptocurrency regulation with the country’s finance ministry publishing draft legislation concerning money laundering via cryptocurrency, according to local news source Globes. The draft was signed by finance minister Moshe Kahlon.

The draft notice explains: “The definition of a service in connection with financial assets is being expanded beyond currency services, to includes all activities and services performed by a business in connection with financial assets that does not include credit.