Israel's Markets Regulator Grants First Crypto License to Private Company: Report

Hybrid Bridge Holdings is the first company to receive a permanent license from the country's capital markets authority to engage in crypto-related business activities, Globes reported.

AccessTimeIconSep 8, 2022 at 12:30 p.m. UTC
Updated May 11, 2023 at 3:56 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Israel's Capital Markets, Insurance and Savings Authority granted a first permanent license to a private company, Hybrid Bridge Holdings Ltd., to engage in crypto activities, local media outlet Globes reported Wednesday.

  • Many companies looking to engage in the crypto industry are still in the process of getting approval from the regulator, the report said.
  • Hybrid Bridge is a private Israeli company incorporated in 2021. It's unclear what kind of crypto services the company intends to provide, but it has an active license as a financial services provider in the country.
  • In February, global crypto exchange Binance came under the regulator's scrutiny over licensing issues. The Capital Markets Authority ordered Binance to suspend marketing to Israeli users and stop all activities focused on Israel until the issues were sorted.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Sandali Handagama

Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.