You don't always get to see behind the scenes of countries writing regulations, argues CEO and publicist arieli. This year’s annual Israel Crypto Conference revealed how the country is moving forward with digital assets.
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century.
Participating on one of its panels was none other than Ilan Gildin, chief economist and strategic adviser at the Israel Securities Authority. Gildin joined other prominent panelists, including Maya Zehavi of a stealth-mode venture fund, and Jonathan Shek of Oz Finance, to share his thoughts on DeFi’s future prospects. That’s where he revealed that a whole array of Israel’s financial authorities had been preparing a comprehensive and holistic regulatory framework for digital assets.
Crucially, he also pointed at some of the key concerns that the regulators may take aim at. When code is law, someone has to explain it truthfully to those not in the know, he shared, and also pointed at stablecoins as the “glass ceiling” for the crypto industry — an understandable concern,We don’t need the Israeli authorities to tell us to do code audits, Maya snapped back, stressing that the industry was taking its own steps toward regulations and good practices.
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