Israeli regulators approve shekel-pegged stablecoin

The approval of the BILS stablecoin issued by Israeli exchange Bits of Gold came after a two-year pilot program on the Solana blockchain.

Israel’s Capital Market, Insurance and Savings Authority has greenlit the launch of a shekel-pegged stablecoin by the virtual exchange exchange Bits of Gold.

In a Monday notice, the Israeli regulator said that it had granted approval of the BILS stablecoin after a two-year pilot program of the stablecoin on the Solana blockchain.

Source: LinkedIn

Read more