Israeli financial technology regulator is rescheduling financial technology license application

The Israeli Capital Market Authority is seeking to change the way financial technology licenses are issued in Israel. About 2,000 fintech and blockchain companies are currently applying for licenses from national regulators. The agency is establishing a fast licensing channel due to oversupply. The Authority regularly authorizes and supervises financial technology companies, including digital insurers, P2P platforms and credit providers, digital wallets, blockchain-based financial technology companies, and other payment service providers.