Israel’s markets regulator has granted its inaugural permanent crypto license to a private company.
The license was granted to Hybrid Bridge Holdings with an aim to engage in crypto activities.
The private Israeli company is the first of several others aiming to move into the crypto industry but still waiting for regulatory approval.
Although Hybrid Bridge has yet to pinpoint exactly what crypto services it intends to provide, it has an active license as a financial provider in the country with an aim to “engage in any lawful business”.
In February, Israel’s Capital Markets Authority ordered cryptocurrency exchange Binance to clarify its activities in the country.
Binance was suspended from marketing to Israeli users and ordered to cease all activities while the authorities reviewed the exchange’s licenses to operate in the country.
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