News & Analysis as of

Payment Systems Bank of Israel Banking Sector

Barnea Jaffa Lande & Co.

Israel: Opening Access to Payment Systems and Allocation of Identification Codes to Payment Service Providers

As part of its actions to increase competition in the payments market, and alongside the entry into force of the Regulation of Payment Services and Payment Initiation Law, 2023, the Bank of Israel has opened access to...more

Barnea Jaffa Lande & Co.

Bank of Israel Continues to Regulate Use of Cryptocurrencies

Israel’s financial regulatory authorities are regulating virtual currencies (cryptographic currencies) due to their steady increase in use. For example, the Capital Market, Insurance and Savings Authority (CMISA) issued an...more

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