Bitcoin is Not a Security, Israeli Watchdog Says

Experts suggest that this decision may become a precedent
26 March 2018   951

The ICO's Examination and Regulation Committee of the Israeli Securities Authority (ISA) issued a series of "recommendations aimed at eliminating uncertainty and balancing technological innovation and investor protection." This is reported by Bitcoin. com.

As a general rule cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.

ISA Committee

Analysts suggest that this decision can become a precedent, since many countries still have not developed their own approach to classifying cryptocurrencies. Israel, however, adheres to fairly progressive views on the regulation of the cryptocurrency. For example, bitcoin terminals installed in this country allow you to buy the criterion for fiat without necessarily verifying the identity.

The question of whether a cryptocurrency should be considered a security will be decided on the totality of the circumstances and features of each case in accordance with the purposes of the law. As a general rule, cryptocurrencies that confer rights similar to the rights conferred by traditional securities such as shares, bonds, and participation units, will be deemed securities. In contrast, cryptocurrencies that represent rights to a product or service and are acquired solely for the purpose of consumption and use and not for investment purposes, will not be considered securities.

ISA Committee

Earlier it became known that ISA intends to prevent the emergence of crypto companies in the indexes of the Tel Aviv Stock Exchange. 

BTC to Reach $1M, IBM Executive Believes

Jesse Lund said Bitcoin will reach $5000 by the end of the year, but he believes it will reach $1 000 000 in the future
22 February 2019   109

On the eve of 2020, the price of Bitcoin will be at the level of $ 5000, but in the future it will rise to $ 1 million. This assumption was made by Vice President of IBM for the blockchain and digital currencies Jesse Lund.

I see Bitcoin at a million dollars someday. If Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny. I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.

Jesse Lund

Vice President for the blockchain and digital currencies, IBM

In late August, IBM launched the Blockchain World Wire platform based on the Stellar protocol for instant cross-border payments.

In February, IBM launched the Internet of Things and the blockchain to combat drought.