Home Gadgets Israel’s Regulatory Authority Approves Shekel-Pegged Stablecoin After Pilot on Solana Blockchain

Israel’s Regulatory Authority Approves Shekel-Pegged Stablecoin After Pilot on Solana Blockchain

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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.