Proposed Israeli law to classify crypto as securities will ‘kill the industry’ By Cointelegraph

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Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.

Cointelegraph Magazine editor Andrew Fenton spoke with Ilan Sterk, the CEO of Altshuler Shaham Horizon. The Tel Aviv-based firm provides cryptocurrency custody and trading services and is one of the few firms in the country approved to deal with banks.

Altshuler Shaham Horizon CEO Ilan Sterk. Source: Facebook (NASDAQ:)