Israel’s capital market watchdog is asking major cryptocurrency exchange Binance for clarifications on its services in the country and licenses under which it operates, local media reported Thursday.
See related article: Binance US under probe for ties with trading affiliates: report
- Binance has stopped all Israel-focused activities and marketing, the Globes reported, citing the market regulator.
- The Capital Market, Insurance and Savings Authority is an Israeli regulator under the Ministry of Finance in charge of financial services such as licensing of crypto exchanges.
- Binance had not responded to Forkast’s request for comment at the time of publication.
- Binance is currently dealing with regulatory hurdles in numerous regions without operating from a physical global headquarters.
- Earlier this week, the Wall Street Journal reported that Binance’s U.S. arm is under probe for its relationship with two trading firms.
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