Israel Forbids Bitcoin Firms to appear in Stock Indices

Natural Resources Holdings or "Mashabei Teva" will not be included in stock indices
13 December 2017   701

Israel Securities Authority chief Shmuel Hauser said in a letter to Ittai Ben Zeev, the CEO of the TASE, that cryptocurrency companies should be banned from entering the exchange via a "back door", or through the activities of an existing company that is already listed on the exchange until a proper regulatory process is in place for dealing with these kind of companies.

Hauser’s letter to the TASE CEO came after the regulator delivered comments at the Hi-tech Growth and Debt Financing Conference held yesterday at the TASE that he would not allow companies whose values are based on bitcoin values, like Natural Resources Holdings (Mashabei Teva), to be included in the TASE indices.

"Mashabei Teva" is the Israeli brand of TASE-listed Natural Resource Holdings, a precious metals company whose stock price jumped after it announced a switch to mining cryptocurrencies.

After Hauser’s comments on Tuesday Natural Resources shares plunged more than 25%.

Recently, we have reported that Israeli bank Leumi blocked transactions of popular cryptocurrency services.

First real-life cryptocurrency robbery reported in Taiwan

Four men stole 5 million Taiwanese dollar worth of Bitcoin, the police has already arrested the suspects
22 February 2018   55

Bitcoin has attracted lots of unwanted attention from hackers and scammers alike. Recently not a week passes without news of an exchange or user being hacked or some company's computers being hijacked to mine cryptocurrency. And now Taiwanese news outlets report first real-life robbery of Bitcoin in their country.

The robbery took place in Taichung, Taiwan's central city. The police reports three men being involved in the robbery itself and one as a planner. Criminals persuaded the victim to meet with them face-to-face under the guise of being interested in buying Bitcoin from him. After the victim showed the robbers the proof of his bitcoins on his phone, the men attacked him and his friend and transferred 18 bitcoins worth 5 million Taiwanese dollar via the phone wallet.

The suspects then forced the unfortunate seller to drink strong local liquor to make everything look like a drunken fight had taken place. The police arrived at the scene after receiving the reports of a fight and found two victims. Two of the offenders had fled, but the third has been arrested at the scene of the crime. He later provided investigation with information about his accomplices. They were arrested soon after.

The police later apprehended the man believed to be the mastermind behind the plan. All this was released in the yesterday's report by the Taiwanese law enforcement and the case is already viewed as “the first domestic case of bitcoin robbery”. The report doesn't mention if the crypto was returned to the rightful owner.

Similar cases has been rumored to happen in the US, but no records are released as of yet. So the unofficial governmental advice is to be more cautious of the buyers requesting face to face meetings in the light of this event.