Regulators banning bitcoin companies from the stock exchange

[AssiZichlinski]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

[Hamphser]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

This is my first time on hearing out this kind of news which they are already making some move or actions towards stock exchange. If they would really ban bitcoin and other cryptos then for sure there would be countries would follow the same step but depending on where those exchanges do designated. I didn't really expect to come into those point which it is already banned by all means.

[avikz]

Israel and Morocco both have banned crypto currency in their country so it's no surprise that they will ban bitcoin related companies from the stock exchanges. Even though these are not communist countries like North Korea or China, but they are behaving like one. They strongly believe in the centralization of power and money so they simply don't want their citizens to live a decent life.

For your research purpose, you can take China's case of banning ICO and exchanges. Also USA has banned ICOs. But banning companies from stock exchanges is something new because I don't think any crypto related company has made to stock exchange in any other country. 

[HeRetiK]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

I understand the troubles that ICOs and crowdfunding are having, but downright preventing cryptocurrency-based businesses from being publicly traded seems downright silly.

It's the first time I have heard of such a policy and I don't see many other countries follow suit. A flourishing economy is in every country's best interest, even if it's based on something unconventional such as Bitcoin.

It does make sense for governments that want to fully ban cryptocurrencies though. In that case it would be inconsistent to allow cryptocurrency-businesses in the first place. Not sure if that's the route that Israel wants to take though?

[...] I don't think any crypto related company has made to stock exchange in any other country. 

Let me introduce you to Bitcoin Group (owner of Bitcoin.de):

https://www.finanzen.net/aktien/Bitcoin_Group-Aktie

[marcbitcoins]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

I think this is only in your country in which the need to be strict in all programs is a must because Israel country was in the place where threat is everywhere mostly from the terrorists. To think we all know that bitcoin might easily use in illegal activities by the bad people therefore in my opinion Israel just want to be sure for your homeland safety rather than economy improvement therefore this policy is good for the safety welfare of your people.

[stompix]

Israel and Morocco both have banned crypto currency in their country so it's no surprise that they will ban bitcoin related companies from the stock exchanges.  

Any source for your claims?

Hebrew
https://taxes.gov.il/incometax/documents/hozrim/hoz_x_2017_tyota.pdf

Now back to the article. The usual fake title....
First line says:

Chairman of the Israeli Securities Authority says he will propose regulations that ban business with main business in digital currencies from the Tel Aviv Stock Exchange

Other line:

“If we have a company that their main business is digital currencies we would not allow it. If already listed, its trading will be suspended,” Hauser said, adding the ISA must find the appropriate regulation for such companies.

So they will ban exchanges, webwallets and probably some ICO scams that have made it two the second level.
Well, from my point of view the world can easily live on and BTC can thrive without any of them

[iamTom123]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170). I'm trying to do a comparative research to see if other such policies have been put in place in other countries. Does anyone know of other similar cases?

This can be an inconvenient to those companies doing business in the cryptocurrency sphere and would also like to explore options in Stock Exchange. However, am sure that this can just be temporary until such time that cryptocurrency will mature and can be accepted as a legitimate industry to be with. Maybe those in authority are just afraid of what cryptocurrency can be bringing to their business because there is a possibility that in the future those stock exchanges can be replaced by blockchain-enhanced trading platforms.

Now, having said that, if I am in a business involved with cryptocurrency then I would never seek acceptance in that traditional stock exchange platform since we already have many viable ways and means to raise more funds via ICO or TokenSale. Anyway, this is just a suggestion.

[Aamir1]

In past, there has been actions taken against Bitcoin in multiple countries. China, Thailand, Nigeria, Colombia, Bangladesh, Ecuador, And Vietnam are a few out of the countries that banned Bitcoin or had put some regulations on its usage. Now, a regulation is a regulation no matter on what matter or sector its implemented. Some of them put limits on trades with Bitcoin, some say you can't transact them out of the country or such. So there had been different regulations in all over the world including this one you mentioned where they banned Bitcoin companies from stock exchange.

[iram1011]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

The declaration clearly indicates that they will ban all the bitcoin exchanges in their country . This is not the first time such type of news is coming up . Many countries who tend to be democratic and of the  people are taking some steps that doesn't seem to understand the real meaning of benefiting the people . Many countries have been in constant dilemma whether to legalize or ban bitcoin , eg. India is still coming up with some decision regarding this . The Israel ban will definitely let to influence other countries which are  on their way to make some decision regarding this.

[brontosaurus]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

There is no such policy until now but my country(India) is also issuing same guidelines it is continuously disregarding trading. It is continuosly issuing guidelines and warning people to not be attracted towards cryptocurrencies. I am afraid that soon India can also come up with a similar law regarding cryptocurrencies.

[AssiZichlinski]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

There is no such policy until now but my country(India) is also issuing same guidelines it is continuously disregarding trading. It is continuosly issuing guidelines and warning people to not be attracted towards cryptocurrencies. I am afraid that soon India can also come up with a similar law regarding cryptocurrencies.

Interesting, what do you mean by guidelines though? Are there actual regulatory or policy actions in place (or even legislative), or is it mostly just hostile discourse by politicians?

[jimmy55]

I haven't heard of anything like this in the US.  In fact in the US companies that add cryptocurrency to their titles have been skyrocketing!

[HeRetiK]

I haven't heard of anything like this in the US.  In fact in the US companies that add cryptocurrency to their titles have been skyrocketing!

Are you talking venture capital or are there any cryptocurrency-focused companies in the US that are publicly traded right now? Last thing I checked the likes of Coinbase and BitPay were still private companies.

[iram1011]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

The year has definitely not started on a good note for bitcoin . With Israel and Morocco making news for banning bitcoin exchanges it has influenced many other countries regarding making their decision on bitcoin's legality in their country . Apparently , India is also planning to ban all the exchanges of Bitcoin in their country . Hearing such things are always unfortunate because every country has a good contribution in the popularity and value of bitcoin . These stupid decisions of government are leading to the lost of so many potential users .               

[Samarkand]

I haven't heard of anything like this in the US.  In fact in the US companies that add cryptocurrency to their titles have been skyrocketing!

Are you talking venture capital or are there any cryptocurrency-focused companies in the US that are publicly traded right now? Last thing I checked the likes of Coinbase and BitPay were still private companies.

I believe that he is talking about the few incidents in the past weeks where a company that previously had nothing
to do with cryptocurrency or blockchain suddenly adds one of these words to their company name in a rebranding.

E.g. the company "Long Island Iced Tea Corp." changed its name to "Long Blockchain Corp" and subsequently
the stock surged several hundred percent.

https://www.bloomberg.com/news/articles/2017-12-21/crypto-craze-sees-long-island-iced-tea-rename-as-long-blockchain

There were a few other companies where effectively the same happened after they rebranded their company name
to something that includes one of the cryptocurrency buzzwords.

[HeRetiK]

I haven't heard of anything like this in the US.  In fact in the US companies that add cryptocurrency to their titles have been skyrocketing!

Are you talking venture capital or are there any cryptocurrency-focused companies in the US that are publicly traded right now? Last thing I checked the likes of Coinbase and BitPay were still private companies.

I believe that he is talking about the few incidents in the past weeks where a company that previously had nothing
to do with cryptocurrency or blockchain suddenly adds one of these words to their company name in a rebranding.

E.g. the company "Long Island Iced Tea Corp." changed its name to "Long Blockchain Corp" and subsequently
the stock surged several hundred percent.

https://www.bloomberg.com/news/articles/2017-12-21/crypto-craze-sees-long-island-iced-tea-rename-as-long-blockchain

There were a few other companies where effectively the same happened after they rebranded their company name
to something that includes one of the cryptocurrency buzzwords.

Holy shit and they used to call crypto markets a farce

Thanks for the laugh, that was quite unexpected. Gotta love the speculator's mindset, I just hope they lost their own money and not someone elses.

[BigTeeths]

Israel and Morocco both have banned crypto currency in their country so it's no surprise that they will ban bitcoin related companies from the stock exchanges. Even though these are not communist countries like North Korea or China, but they are behaving like one. They strongly believe in the centralization of power and money so they simply don't want their citizens to live a decent life.

Isreal is a third world country so it's kind of expected and poverty there is a serious problem so it means that cryptocurrencies cannot be put on their advantage.

[dokie987]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

Good thing that in my country bitcoin is not banned and for information just recently i heard a news that bitcoin is already acknowledge but they just warned us not to engage in any pyramiding scam with the use of bitcoin because some scammers may indulge it.

[stompix]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

The declaration clearly indicates that they will ban all the bitcoin exchanges in their country .

No it does not!!!!
Can't you read?

They ban bitcoin exchanges shares form being traded on the on the Tel Aviv Stock Exchange.
Since most of them are privately owned and probably in the entire world there are least than 1% , this move is not affecting them at all.

Isreal is a third world country so it's kind of expected and poverty there is a serious problem so it means that cryptocurrencies cannot be put on their advantage.

Israel is a third world country?  Poverty?This coming from a guy in Philippines?

Israel GDP per capita is 37,292.61 USD
Philippines/GDP per capita   2,951.07 USD

Run back to your hut and stay there!!!!!

[supermine]

Hi all,

In my country of Israel, the govt. Securities Authority has announced that they are pursuing options to ban businesses based on bitcoin and cryptocurrencies from trading on the Tel Aviv Stock Exchange (https://www.haaretz.com/israel-news/1.831170).

I'm trying to do a comparative research to see if other such policies have been put in place in other countries.

Does anyone know of other similar cases?

The year has definitely not started on a good note for bitcoin . With Israel and Morocco making news for banning bitcoin exchanges it has influenced many other countries regarding making their decision on bitcoin's legality in their country . Apparently , India is also planning to ban all the exchanges of Bitcoin in their country . Hearing such things are always unfortunate because every country has a good contribution in the popularity and value of bitcoin . These stupid decisions of government are leading to the lost of so many potential users .               

Yeah many countries started to ban the bitcoins like Israel and I think in Bangladesh too banned bitcoins so it decreases the demand for bitcoins little bit.But these kind of banning may affect the traders more than the investors who want to hold bitcoins in longer terms.When an investor want to sell he can sell it on other country's exchange and convert the cash into his local currency afterwards.