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FM Home > CryptoCurrency > News > Israeli Regulator Questions Binance on License, Halts Services Bitcoin Loses $40,000 Price Level for the First Time in 2 Weeks Israeli Regulator Questions Binance on License, Halts Services The exchange is operating in the country without having obtained a license. It has stopped support in the Hebrew language and local fiat. Thursday, 17/02/2022 | 12:55 GMT-0 by Arnab Shome News binance // ToDo refactor when changes on back-end are ready Binance logo 0 Join our Crypto Telegram channel Binance is facing regulatory scrutiny in Israel by the local Capital Markets Authority (CMA), which is seeking the crypto exchange’s licensing details and clarification of its activities in the Israeli market. ADVERTISEMENT As reported by local news outlet Globes, the CMA asked the crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is a..

Israeli Regulator Questions Binance on License, Halts Services

FM Home > CryptoCurrency > News > Israeli Regulator Questions Binance on License, Halts Services Bitcoin Loses $40,000 Price Level for the First Time in 2 Weeks Israeli Regulator Questions Binance on License, Halts Services

  • The exchange is operating in the country without having obtained a license.
  • It has stopped support in the Hebrew language and local fiat.

by Arnab Shome

News binance // ToDo refactor when changes on back-end are ready

Binance logo
Binance logo

0 Join our Crypto Telegram channel

Binance is facing regulatory scrutiny in Israel by the local Capital Markets Authority (CMA), which is seeking the crypto exchange’s licensing details and clarification of its activities in the Israeli market.

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As reported by local news outlet Globes, the CMA asked the crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term giant to provide clarification on the types of services it is offering to Israeli clients, along with the details of the license under which it is operating.

Cryptocurrency exchanges in Israel require to operate with a license obtained locally, and the CMA is responsible for granting these licenses. However, Binance did not hold or even submit an application for obtaining a CMA license.

Binance has crypto exchange operations across the globe. Additionally, it is specifically targeting Israelis and introduced services in the Hebrew language. Moreover, it is estimated that around 200,000 Israeli crypto investors and traders have signed up as Binance clients.

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As the result of the scrutiny, Binance halted all of its marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have to handle the acquisition of traders, retaining them for a longer period of time or distinguishing between brokerage and competitors.What Are the Most Common Marketing Strategies Used by FX Brokers?This process can take shape in a variety of forms. Advertising is the most commonly deployed technique for forex marketing.This includes a marketing plan that touches on digital and traditional advertising. Advertising can include banner ads, notifications, newsletters, or other mechanisms for drawing attention to any brand or brokerage.Blog posting or other forms of search engine optimization (SEO) are also effective marketing tools for forex brokers.Well-organized and attractive pieces of content on websites are very useful for users and clients and have proven to be successful marketing strategies.Such efforts also enable websites to be found by those looking for what a broker offers and those who are looking for some knowledge about the trading industry. This can also help generate traffic on landing pages, converting sales. Social media has also rapidly evolved as a critical element of marketing.Forex brokers rely on social media such as Twitter, Facebook, or Linkedin for marketing needs, capable of reaching a huge audience. Ultimately marketing requires efforts on part of brokers to bridge the gap with their desired audience. In this instance, this means potential clients or existing ones. Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have to handle the acquisition of traders, retaining them for a longer period of time or distinguishing between brokerage and competitors.What Are the Most Common Marketing Strategies Used by FX Brokers?This process can take shape in a variety of forms. Advertising is the most commonly deployed technique for forex marketing.This includes a marketing plan that touches on digital and traditional advertising. Advertising can include banner ads, notifications, newsletters, or other mechanisms for drawing attention to any brand or brokerage.Blog posting or other forms of search engine optimization (SEO) are also effective marketing tools for forex brokers.Well-organized and attractive pieces of content on websites are very useful for users and clients and have proven to be successful marketing strategies.Such efforts also enable websites to be found by those looking for what a broker offers and those who are looking for some knowledge about the trading industry. This can also help generate traffic on landing pages, converting sales. Social media has also rapidly evolved as a critical element of marketing.Forex brokers rely on social media such as Twitter, Facebook, or Linkedin for marketing needs, capable of reaching a huge audience. Ultimately marketing requires efforts on part of brokers to bridge the gap with their desired audience. In this instance, this means potential clients or existing ones. Read this Term efforts in the country and suspended all activities focused on Israel, the regulator confirmed. The exchange even removed its support in the Hebrew language and local currency, the shekel.

Largest, Yet Unregulated

Despite being the largest global crypto exchange in terms of trading volume, Binance is in a tussle with several regulators, mostly for operating without proper approval. Several financial market supervisors issued warnings against the crypto exchange last year, many even took enforcement actions.

From our Directory Cryptocurrency Exchanges

List of Cryptocurrency Exchanges and their features

Company Logo
Binance
Company Logo
Huobi

Find more

The US crypto exchange giant is even reportedly facing a probe of the US securities market regulator for its ties with two of its market maker affiliates. The investigation is focused on the relations of the CEO of Binance, Changpeng Zhao, and two market-making entities, Sigma Chain and Merit Peak.

Though Zhao made a crypto empire mostly by bypassing regulators, he is now focused on making amends with them and hired several former regulatory staffers. Furthermore, the exchange is looking for a jurisdiction to establish its headquarters.

Binance is facing regulatory scrutiny in Israel by the local Capital Markets Authority (CMA), which is seeking the crypto exchange’s licensing details and clarification of its activities in the Israeli market.

ADVERTISEMENT

As reported by local news outlet Globes, the CMA asked the crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term giant to provide clarification on the types of services it is offering to Israeli clients, along with the details of the license under which it is operating.

Cryptocurrency exchanges in Israel require to operate with a license obtained locally, and the CMA is responsible for granting these licenses. However, Binance did not hold or even submit an application for obtaining a CMA license.

Binance has crypto exchange operations across the globe. Additionally, it is specifically targeting Israelis and introduced services in the Hebrew language. Moreover, it is estimated that around 200,000 Israeli crypto investors and traders have signed up as Binance clients.

Related content

As the result of the scrutiny, Binance halted all of its marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have to handle the acquisition of traders, retaining them for a longer period of time or distinguishing between brokerage and competitors.What Are the Most Common Marketing Strategies Used by FX Brokers?This process can take shape in a variety of forms. Advertising is the most commonly deployed technique for forex marketing.This includes a marketing plan that touches on digital and traditional advertising. Advertising can include banner ads, notifications, newsletters, or other mechanisms for drawing attention to any brand or brokerage.Blog posting or other forms of search engine optimization (SEO) are also effective marketing tools for forex brokers.Well-organized and attractive pieces of content on websites are very useful for users and clients and have proven to be successful marketing strategies.Such efforts also enable websites to be found by those looking for what a broker offers and those who are looking for some knowledge about the trading industry. This can also help generate traffic on landing pages, converting sales. Social media has also rapidly evolved as a critical element of marketing.Forex brokers rely on social media such as Twitter, Facebook, or Linkedin for marketing needs, capable of reaching a huge audience. Ultimately marketing requires efforts on part of brokers to bridge the gap with their desired audience. In this instance, this means potential clients or existing ones. Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have to handle the acquisition of traders, retaining them for a longer period of time or distinguishing between brokerage and competitors.What Are the Most Common Marketing Strategies Used by FX Brokers?This process can take shape in a variety of forms. Advertising is the most commonly deployed technique for forex marketing.This includes a marketing plan that touches on digital and traditional advertising. Advertising can include banner ads, notifications, newsletters, or other mechanisms for drawing attention to any brand or brokerage.Blog posting or other forms of search engine optimization (SEO) are also effective marketing tools for forex brokers.Well-organized and attractive pieces of content on websites are very useful for users and clients and have proven to be successful marketing strategies.Such efforts also enable websites to be found by those looking for what a broker offers and those who are looking for some knowledge about the trading industry. This can also help generate traffic on landing pages, converting sales. Social media has also rapidly evolved as a critical element of marketing.Forex brokers rely on social media such as Twitter, Facebook, or Linkedin for marketing needs, capable of reaching a huge audience. Ultimately marketing requires efforts on part of brokers to bridge the gap with their desired audience. In this instance, this means potential clients or existing ones. Read this Term efforts in the country and suspended all activities focused on Israel, the regulator confirmed. The exchange even removed its support in the Hebrew language and local currency, the shekel.

Largest, Yet Unregulated

Despite being the largest global crypto exchange in terms of trading volume, Binance is in a tussle with several regulators, mostly for operating without proper approval. Several financial market supervisors issued warnings against the crypto exchange last year, many even took enforcement actions.

From our Directory Cryptocurrency Exchanges

List of Cryptocurrency Exchanges and their features

Company Logo
Binance
Company Logo
Huobi

Find more

The US crypto exchange giant is even reportedly facing a probe of the US securities market regulator for its ties with two of its market maker affiliates. The investigation is focused on the relations of the CEO of Binance, Changpeng Zhao, and two market-making entities, Sigma Chain and Merit Peak.

Though Zhao made a crypto empire mostly by bypassing regulators, he is now focused on making amends with them and hired several former regulatory staffers. Furthermore, the exchange is looking for a jurisdiction to establish its headquarters.

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