Israel's top markets regulator has granted local cryptocurrency exchange Bits of Gold one of the first licenses targeting crypto financial services providers in the country.
With the license, Bits of Gold will be able to work with local banks and financial institutions, according to a press release shared with CoinDesk. Regulators in the country have been for some time attempting to clear the way for reluctant local banks to start interacting with crypto.
"With the license and the Bank of Israel recent orders we will be able to resolve most of the bank issues," the company said in a press statement.
The markets regulator already granted Israel's first crypto license to another private company called Hybrid Bridge Holdings (HBH) in early September. The CEO of the company, Giyora Ran, later told local news outlet Globes that HBH is building a crypto custody and exchange platform, but it's unclear if it has a working product yet.
This makes Bits of Gold, founded in 2013, the first...
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