Israel’s Growing Blockchain Industry and Regulatory Challenges
Israel's Growing Blockchain Industry and Regulatory Challenges
Israel is well known to be a leader in crypto projects, cyber security and seizures of illicit proceeds from terrorist financing.
In this episode, host Ian Andrews explores what factors have contributed to Israel’s tech growth with Yosi Biton (Partner, Head of Forensic and Compliance Services, KPMG Israel.)
Yosi explains how cultural influence, government programs, and military units have contributed to strong cyber security and blockchain technology focused startups.
He emphasizes the importance of regulatory clarity and the need for companies to comply with AML and other compliance measures, and explains why he believes that smart contracts, digital currencies and DeFi will be the future.
Minute-by-minute episode breakdown
(2:22) - Introduction and discussion about the state of blockchain and cyber security in Israel
(4:18) - Cultural influence and government / military programs encouraging tech founders in Israel
(8:20) - KPMG's perspective on cryptocurrency and blockchain industry
(12:06) - Regulatory clarity and the need for licenses in the crypto industry and CBDC’s and potential for digital shekel
(18:05) - Discussion on DeFi and the need for compliance in the industry
(22:02) - Tel Aviv Stock Exchange launches framework for crypto brokerage services
(26:21) - Regulatory challenges and opportunities in the Israeli crypto market
(30:37) - Future predictions for the adoption of smart contracts and digital currencies
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Ian Andrews* Host * (Chief Marketing Officer, Chainalysis)
Yosi Biton(Partner, Head of Forensic and Compliance Services, KPMG Israel)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.