Israel Grants First Bitcoin And Crypto Trading License To Local Gold Bit Exchange BlockBlog

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  • Israeli regulators grant first VASP license to Bits of Gold after 5 years of waiting.
  • The company will soon launch two new products.
  • One of the products will be a depository while the other integrates its services with the financing inherited from the region.

Israel’s Insurance and Capital Savings Market Authority (ISCMA) has granted cryptocurrency exchange Bits of Gold the first virtual asset service provider (VASP) license in the country, according to a press release sent to Bitcoin Magazine.

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

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