According to a report by local news agency Globes, the Israel Capital Markets Authority has asked Binance to clarify its activities in the Israeli market.
The authorities requested clarification from the Binance exchange regarding the type of services it provides to Israelis and the licenses under which it operates.
“Binance has stopped promoting in the Israeli market, as well as its main activities in Israel, until we examine the licensing issue,” the regulator said.
Ben Samocha, founder of local media platform CryptoJungle, said that Binance has removed support for Hebrew on its platform as well as discontinued support for the shekel.