BLOCKCHAIN BRIEF – AUDIT AND ASSURANCE
Israel Securities Authority (ISA).
According to ISA chairman Anata Guetta, the project offers investors a complete value chain. Therefore, the regulator turned to the business with a request to prove that their blockchain-based solutions are working correctly…
After the completion of the ISA verification phase, the relevant regulations are intended to allow the introduction of digital platforms in the Israeli capital market.
At a recent conference, representatives of Israeli regulators expressed their opinion that distributed ledger technology is a way to open up new financial opportunities for market participants and securities..
The platform revision was announced after an ISA ad hoc committee spent six months carefully studying the specifics of the blockchain and its use cases. The officials concluded that the technology has great potential for use in the field of initial public offerings and clearing, as it allows to reduce costs and systemic risks, as well as to speed up the settlement processes..
While Israel continues this direction, the Swiss financial regulator believes that blockchain facilitates money laundering.
text: Ivan Malichenko, photo: episcopal committee
Blockchain and the future of audit