Israel Grants Its First Bitcoin, Crypto Trading License To Local Exchange Bits of Gold – Bitcoin Magazine

  • Israeli regulators grant first VASP license to Bits of Gold after 5 years of waiting.
  • The company will launch two new products in the near future.
  • One of the products will be custodial while the other will integrate its services with legacy funding in the region.

The Israel Savings and Insurance Capital Market Authority (ISCMA) has granted cryptocurrency exchange Bits of Gold the country’s first Virtual Asset Service Provider (VASP) license, according to a press release sent to Bitcoin Magazine.

In 2016, a new law was passed requiring the ISMCA to issue licenses for these service providers. After waiting almost five years, Bits of Gold is now the only active company holding this license.

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