1. Aiwaka AdventuresHome
  2. Digital Disruptors

Tel Aviv Stock Exchange (TASE) Sets Its Sights on Cryptocurrency Trading

• Digital Disruptors • 80 views

It is reported that the Tel Aviv Stock Exchange (TASE), the Israeli stock exchange platform, wants to expand its authorization activities to allow its customer…

Tel Aviv Stock Exchange (TASE) Sets Its Sights on Cryptocurrency Trading

It is reported that the Tel Aviv Stock Exchange (TASE), the Israeli stock exchange platform, wants to expand its authorization activities to allow its customers who are not bank members to trade cryptocurrencies. Non-bank financial institutions can provide services such as investment, consulting, brokerage or cashing cheques, but cannot accept public deposits. The announcement said that TASE’s proposal to change its rules has now been publicly solicited for public opinion, and will be submitted to the entity’s board of directors for approval.

Tel Aviv Stock Exchange plans to allow customers who are not bank members to conduct cryptocurrency transactions

Analysis based on this information:


The Tel Aviv Stock Exchange (TASE) is looking to expand its services to non-bank members by allowing them to trade cryptocurrencies. This Israeli stock exchange platform is currently limited to bank members, but the proposed change in its rules will allow non-bank financial institutions to trade in cryptocurrencies. The proposal has been opened to public opinion and will be approved after consideration by the entity’s board of directors.

This move by TASE is significant because it shows an increasing interest in the world of cryptocurrencies by traditional financial institutions. Cryptocurrencies have been viewed with skepticism, but TASE’s move to allow non-bank financial institutions to deal with them shows a willingness to adapt and a recognition of the potential benefits of the technology.

One of the main advantages of cryptocurrencies is that they are decentralized, providing a level of anonymity for users. This means that trading cryptocurrencies can be done without involving traditional financial institutions, giving individuals greater control over their own financial transactions. TASE’s decision to expand its services to non-bank members is a recognition of this growing trend.

It is worth noting that allowing non-bank financial institutions to trade cryptocurrencies does not mean TASE is endorsing the use of the technology, nor does it mean that cryptocurrencies will replace traditional financial institutions. However, it does mean that TASE is willing to explore the potential benefits of cryptocurrencies and the role they can play in its services.

In summary, the Tel Aviv Stock Exchange’s announcement to allow non-bank financial institutions to trade cryptocurrencies shows a willingness to adapt to new technologies and markets. This move is significant in the world of finance, as it shows a willingness to embrace cryptocurrencies and recognize their potential benefits. The proposal is now open for public opinion and will be approved after consideration by the entity’s board of directors.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/27/tel-aviv-stock-exchange-tase-sets-its-sights-on-cryptocurrency-trading/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/27/2023 13:41
Next 02/27/2023 13:52

Recommended articles