Bitcoin is Not a Security, Israeli Watchdog Says

Experts suggest that this decision may become a precedent
26 March 2018   171

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. 

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   36

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.