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Israel’s Stock Exchange Unveils Plan to Create Digital Asset Platform and Venture Into Crypto – Exchanges Bitcoin News

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Israel’s only public stock exchange, the Tel Aviv Stock Exchange, has announced that it will enter the crypto space and create a platform for digital assets. The CEO of the Tel Aviv Stock Exchange said:

Tel Aviv Stock Exchange Enters Crypto Space

The Tel Aviv Stock Exchange (TASE: TASE), Israel’s only public stock exchange, announced Monday its new strategic plan for 2023-2027. The plan was approved by the stock exchange’s board of directors.

One of the four listed strategic goals was to “create a platform for digital assets using blockchain (DLT) and challenge cryptocurrencies.”

Details of the announcement detail that “TASE facilitates the implementation of innovative technologies including DLT, tokenization of various classes of digital assets, and smart contracts.”

TASE has multiple potentials, including transforming existing infrastructure into innovative technologies, deploying innovative technologies on specialized platforms, and providing a basket of services and products for digital assets. We will consider an action plan.

TASE CEO Ittai Ben-Zeev commented: he continued. “We aim not only to participate in change, but to spearhead it. We will leverage the advantages of our home court in Israel to adopt and develop fintech and position TASE as a hub for services and products. To do.”

TASE’s CEO emphasized:

The next five years present a significant opportunity for TASE to play an active role in the technological revolution of global capital markets.

Ben-Zeev concludes:

What do you think about the Tel Aviv Stock Exchange entering the crypto space? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin has been an evangelist since he discovered Bitcoin in 2011. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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