Israel’s regulator has approved a shekel-pegged stablecoin by Bits of Gold after a two-year pilot. The BILS token will operate under strict conditions, with reserves held in segregated local accounts, as authorities move towards regulated crypto adoption.Israel’s regulator has approved a shekel-pegged stablecoin by Bits of Gold after a two-year pilot. The BILS token will operate under strict conditions, with reserves held in segregated local accounts, as authorities move towards regulated crypto adoption.