Tel Aviv Stock Exchange (TASE), Israel’s main stock exchange, has included cryptocurrency trading in its development programs.
A move towards the legalization or use of cryptocurrencies also came from Israel. TASE has also added cryptocurrencies to its 2023-2027 development program. According to this development program, a blockchain platform will be created to launch cryptocurrency trading. In its press release, the main exchange mentioned its work plan.
Israel in Cryptocurrency Overtime
Israel, which has come to the fore with issues such as CBDC, Digital Government Bonds and crypto money service of banks, announced a new development.
Serving as Israel’s main and only stock exchange, TASE is opening its doors to blockchain developments. The exchange will offer crypto services to trade by supporting its existing infrastructure with blockchain.
With the tokenization of various asset classes, innovative projects will be paved the way. In addition, technological development will be achieved by combining the blockchain with the traditional stock market. In the applicability part of smart contracts, it will be acted according to the development program.
However, Israel, which has successfully implemented the previously planned strategies, seems to complete it. TASE experienced a revenue increase of 10-15 percent after the announcement of the new strategy.
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