Israel Introduces Its First Regulated Digital Currency: The Shekel Stablecoin
In a landmark decision, Israel's Capital Market Authority has given the green light to the country's inaugural stablecoin, pegged to the value of the shekel. Following a rigorous two-year evaluation and pilot program, Tel Aviv-based cryptocurrency exchange Bits of Gold has been authorized to issue the token. Developed in conjunction with the Solana network, crypto custodian Fireblocks, and with a…
April 28, 2026, 10:39 a.m.