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 services company, under regulatory supervision, Y.Net reported.
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BILS is designed for use in providing liquidity, foreign exchange transactions against major stablecoins such as USDC, smart contract execution, and global shekel transfers. In addition, Bits of Gold plans to deepen partnerships with financial institutions and payment service providers to integrate BILS into existing systems.
According to the official communication, the stablecoin market now exceeds $320 billion in market capitalization, with an annual transaction volume of approximately $46 trillion.
Stablecoins have also moved from a native cryptographic instrument to the infrastructure used for payments and settlement. Binance Research 2025 report puts The market capitalization exceeds US$305 billion, and the daily transaction volume is US$3.54 trillion. It also highlights the high trading speed and compares usage levels with existing global payment networks.
Amit Gal, Israel Capital Market Authority, Source: LinkedIn
The authority said that this step represents an early stage in a new regulatory phase for digital assets. Activity will remain limited in scope at first.
She said the decision is in line with the government’s policy on digital assets. It also comes ahead of a draft law on stablecoins, which will be published for public comment. The approval comes after a process that takes about two years. During this time, Bits of Gold ran a pilot to test the issuance of stablecoins under controlled conditions.
Amit Jal, responsible for the authority, said that this step supports “technological innovation in addition to maintaining financial stability, protecting the customer population and reducing systemic risks.”
The Israeli sandbox is testing the shekel stablecoin
Yuval Roach, Founder and CEO of Bits of Gold
The pilot project was implemented within the framework of a regulatory laboratory. It is designed to test supervised financial innovation while limiting risks to the system and the general public.
The regulatory body reviewed the issuance and custody of customer assets, Risk management
Risk management
One of the most common terms used by brokers, risk management refers to the practice of identifying potential risks in advance. More commonly, this also includes analyzing risks and taking precautionary steps to mitigate and prevent these risks. These efforts are essential for brokers and venues in the finance industry, given the potential for repercussions in the face of unexpected events or crises. Due to a more stringent regulatory environment across almost every asset class,
One of the most common terms used by brokers, risk management refers to the practice of identifying potential risks in advance. More commonly, this also includes analyzing risks and taking precautionary steps to mitigate and prevent these risks. These efforts are essential for brokers and venues in the finance industry, given the potential for repercussions in the face of unexpected events or crises. Due to a more stringent regulatory environment across almost every asset class,
Read this termBusiness continuity, cybersecurity and compliance with regulatory standards. The currency will be fully backed by the Israeli shekel. It will operate at a 1:1 ratio with reserve assets.
The reserve assets will be kept in Israel in segregated accounts. Liquidity and redemption mechanisms will be available at all times. The issuer must maintain reporting obligations, including prompt disclosure of material changes or exceptional events.
The Capital Market Authority said that it will continue to supervise the company after approval, with continuous monitoring compliance
compliance
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
Read this term Under regulatory conditions. Bits of Gold founder and CEO Yuval Rawash described the token as “the bridge between the shekel and the new global financial system.”
“The approval represents a milestone not only for our company, but also for the evolution of financial infrastructure. BILS creates a direct bridge between the Israeli shekel and the global digital asset economy, enabling real-time payments, cross-chain trading and programmable financial applications based on a regulated local currency.”
Bits of Gold has been operating since 2013 and is licensed by the Financial Market Authority. It serves over 250,000 registered customers and previously launched a cryptocurrency rewards credit card with MAX.
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 services company, under regulatory supervision, Y.Net reported.
Singapore Summit: Meet the top APAC brokers you know (and those you don’t know yet!).
BILS is designed for use in providing liquidity, foreign exchange transactions against major stablecoins such as USDC, smart contract execution, and global shekel transfers. In addition, Bits of Gold plans to deepen partnerships with financial institutions and payment service providers to integrate BILS into existing systems.
According to the official communication, the stablecoin market now exceeds $320 billion in market capitalization, with an annual transaction volume of approximately $46 trillion.
Stablecoins have also moved from a native cryptographic instrument to the infrastructure used for payments and settlement. Binance Research 2025 report puts The market capitalization exceeds US$305 billion, and the daily transaction volume is US$3.54 trillion. It also highlights the high trading speed and compares usage levels with existing global payment networks.
Amit Gal, Israel Capital Market Authority, Source: LinkedIn
The authority said that this step represents an early stage in a new regulatory phase for digital assets. Activity will remain limited in scope at first.
She said the decision is in line with the government’s policy on digital assets. It also comes ahead of a draft law on stablecoins, which will be published for public comment. The approval comes after a process that takes about two years. During this time, Bits of Gold ran a pilot to test the issuance of stablecoins under controlled conditions.
Amit Jal, responsible for the authority, said that this step supports “technological innovation in addition to maintaining financial stability, protecting the customer population and reducing systemic risks.”
The Israeli sandbox is testing the shekel stablecoin
Yuval Roach, Founder and CEO of Bits of Gold
The pilot project was implemented within the framework of a regulatory laboratory. It is designed to test supervised financial innovation while limiting risks to the system and the general public.
The regulatory body reviewed the issuance and custody of customer assets, Risk management
Risk management
One of the most common terms used by brokers, risk management refers to the practice of identifying potential risks in advance. More commonly, this also includes analyzing risks and taking precautionary steps to mitigate and prevent these risks. These efforts are essential for brokers and venues in the finance industry, given the potential for repercussions in the face of unexpected events or crises. Due to a more stringent regulatory environment across almost every asset class,
One of the most common terms used by brokers, risk management refers to the practice of identifying potential risks in advance. More commonly, this also includes analyzing risks and taking precautionary steps to mitigate and prevent these risks. These efforts are essential for brokers and venues in the finance industry, given the potential for repercussions in the face of unexpected events or crises. Due to a more stringent regulatory environment across almost every asset class,
Read this termBusiness continuity, cybersecurity and compliance with regulatory standards. The currency will be fully backed by the Israeli shekel. It will operate at a 1:1 ratio with reserve assets.
The reserve assets will be kept in Israel in segregated accounts. Liquidity and redemption mechanisms will be available at all times. The issuer must maintain reporting obligations, including prompt disclosure of material changes or exceptional events.
The Capital Market Authority said that it will continue to supervise the company after approval, with continuous monitoring compliance
compliance
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
In finance, banking, investment, and insurance, compliance refers to following rules or orders set by a government regulatory authority, either to provide a service or process a transaction. Compliance with regard to financing will also be a case of following established guidelines or specifications. This classification can also include efforts to ensure organizations comply with industry regulations and government legislation. Understanding ComplianceCompliance is
Read this term Under regulatory conditions. Bits of Gold founder and CEO Yuval Rawash described the token as “the bridge between the shekel and the new global financial system.”
“The approval represents a milestone not only for our company, but also for the evolution of financial infrastructure. BILS creates a direct bridge between the Israeli shekel and the global digital asset economy, enabling real-time payments, cross-chain trading and programmable financial applications based on a regulated local currency.”
Bits of Gold has been operating since 2013 and is licensed by the Financial Market Authority. It serves over 250,000 registered customers and previously launched a cryptocurrency rewards credit card with MAX.
