Bank of Israel Issues Draft Guidelines on Cryptocurrency AML/CFT by Cointelegraph


On Friday, the Bank of Israel published a draft anti-money laundering and anti-terrorist financing (AML/CFT) regulation for the banks facilitating crypto-to-fiat transactions.

The move refers to the Israeli government’s preparations to legalize and regulate the relationship between banks and virtual currency service providers (VASPs). The document cites increased customer engagement with digital assets as the reason for the new policy: