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.