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Bitin shut down by Israeli regulator, hit with $460k fine

Summary by http://coinprofitnews.com
The Israeli financial markets regulator has shut down the crypto exchange Bitin for offering crypto trading services without the required license, reinforcing the country’s regulatory stance on crypto firms. The Israeli Capital Markets, Insurance, and Savings Authority has shut down Bitin for operat...
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Bitin shut down by Israeli regulator, hit with $460k fine

The Israeli financial markets regulator has shut down the crypto exchange Bitin for offering crypto trading services without the required license, reinforcing the country’s regulatory stance on crypto firms. The Israeli Capital Markets, Insurance, and Savings Authority has shut down Bitin for operat...

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Finance Magnates | Financial and business newsFinance Magnates | Financial and business news

Israeli Regulator Shut Down Crypto Exchange Bitin and Fined It $460K

The Israeli financial regulatory authority has ordered the immediate closure of cryptocurrency exchange Bitin, as it operates without a licence in the country. Furthermore, the platform’s operator also faces a financial sanction of about 1.7 million shekels (US$460,000).A Crypto Exchange by the “Bitcoin King of Israel”The action against Bitin was taken under an order issued by the Commissioner of Capital Markets, Insurance, and Savings, Amit Gal…

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Finance Magnates | Financial and business news broke the news in on Monday, March 24, 2025.
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