- Israel has reportedly enacted new regulations related to the cryptocurrency industry in order to combat illegal activities such a money laundering and terrorism financing.
- The government of Israel enforced new Anti-Money Laundering regulations on Sunday, requiring local fintech companies and virtual currency service providers to obtain an operating license, local news agency Globes reported.
- Shlomit Wagman, director of the Israel Money Laundering and Terror Financing Prohibition Authority, said that the new AML rules would help the country curb criminal usage of digital assets while also providing the industry with more support and legitimacy, The Jerusalem Post reported.
[Via]
