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Israel Approves First Shekel-Pegged Stablecoin Framework After Two-Year Regulatory Pilot
The Israel Capital Market Authority has approved a framework for issuing a shekel-pegged digital currency, BILS. The token will be issued by Bits of Gold, a licensed financial asset service provider, under regulatory supervision, Y.Net reported. BILS is intended for use in liquidity provision, foreign exchange transactions against major stablecoins such as USDC, smart‑contract execution, and global shekel transfers. Additionally, Bits of Gold plans to deepen partnerships with financial institutions and payment providers to integrate BILS into existing systems. According to the official communication, the ... (full story)
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