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🚨Israel Shuts Down Crypto Exchange Bitin
⚖️Israeli regulators have shut down Bitin and slapped a $460K fine, citing unlicensed operations.
👑The exchange was run by the so-called “Bitcoin King of Israel”, whose 2022 license application was denied due to a past criminal conviction.
🔍Despite being cleared of money laundering charges, he previously paid a $4M fine for violating reporting laws.
📉With crypto regulations tightening, Israel’s CMISA is cracking down on unregistered platforms.
Could more shutdowns be on the way? 👀