The Bank of Israel has published a draft regulation of service of cryptocurrency companies – Bits Media

Central Bank of Israel (BOI) The text of the decision made public, capable of opening the country's financial system for licensed cryptocurrency companies.

The decision approves
Regulations "In the field of operational and financial risk management, related to the provision of payment services, Licensed cryptocurrency companies ".

According to the text of the document, The regulator recommends that the Israeli commercial banks use an individual approach when conducting a legal examination of cryptocurrency companies. And not be guided by general principles to refuse to provide payment services of this category of customers.

In accordance with the draft resolution, Banks will be required to identify the supplier of virtual currency services, as well as give an assessment of policies and procedures for transferring funds into digital assets.

The regulator draws the attention of participants in the country's financial market, that the owner of the Israeli securities license (ISA) Banks will not be able to abandon the service of operations for the provision of virtual assets services..

Last week, the Central Bank of Israel (BOI) He made a statement, that the adoption by citizens of digital shekel (SHAKED) can lead to a decrease in the volume of deposits of individuals and, Most likely, To an increase in expenses and a reduction in net profit of the banking system.