{"id":26882,"date":"2026-04-28T04:50:50","date_gmt":"2026-04-28T04:50:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/israel-approves-bils-shekel-stablecoin-after-solana-pilot\/"},"modified":"2026-04-28T04:51:08","modified_gmt":"2026-04-28T04:51:08","slug":"israel-approves-bils-shekel-stablecoin-after-solana-pilot","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/israel-approves-bils-shekel-stablecoin-after-solana-pilot\/","title":{"rendered":"Israel approves BILS shekel stablecoin after Solana pilot"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Israeli regulators have approved the launch of BILS, a shekel-pegged stablecoin issued by local virtual exchange Bits of Gold.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_d74dfbef56169a89604979f7628bbdb3\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BILS became one of Israel\u2019s first shekel-pegged stablecoins after approval from the country\u2019s market regulator.<\/li>\n<li>Bits of Gold will hold BILS reserves in Israel through designated and separate local accounts.<\/li>\n<li>The approval follows a two-year Solana pilot as Israel moves to regulate stablecoin activity.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The approval came after a two-year pilot program on the Solana blockchain. The Capital Market, Insurance and Savings Authority granted the approval in a Monday notice. The move places BILS among the first stablecoins linked directly to the Israeli shekel.<\/p>\n<p>According to the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/%D7%9C%D7%A8%D7%90%D7%A9%D7%95%D7%A0%D7%94-%D7%A0%D7%99%D7%AA%D7%9F-%D7%90%D7%99%D7%A9%D7%95%D7%A8-%D7%9C%D7%94%D7%A4%D7%A6%D7%AA-%D7%9E%D7%98%D7%91%D7%A2-%D7%93%D7%99%D7%92%D7%99%D7%98%D7%9C%D7%99-%D7%99%D7%A6%D7%99%D7%91-share-7454528668510371841-g5uw\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAACDbMEBdyjl2O5sxzEsy9aglmivyOPP2qs\" target=\"_blank\" rel=\"nofollow\">announcement<\/a>, BILS reserve assets will be kept in Israel through designated and separate accounts. This structure aims to support oversight as the country builds rules for digital assets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The project forms part of a wider push by the Israel Tax Authority and the Finance Ministry to regulate crypto activity. That effort includes allowing selected stablecoin operations under local supervision.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bits of Gold says BILS links shekel to crypto markets<\/strong><\/h2>\n<p>Bits of Gold founder and CEO Youval Rouach said the stablecoin would connect the Israeli currency with blockchain-based financial services.<\/p>\n<p>\u201cBILS creates a direct bridge between the Israeli shekel and the global digital assets economy, enabling real-time payments, on-chain trading and programmable financial applications based on a regulated local currency,\u201d Rouach said.<\/p>\n<p>The launch also follows rising use of stablecoins in global crypto markets. As of press time, the stablecoin market was valued at more than $320 billion, with U.S. dollar-pegged tokens such as Tether\u2019s USDT leading the sector.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Stablecoin rules remain under review in the U.S.<\/strong><\/h2>\n<p>Israel\u2019s approval comes as other markets continue to debate stablecoin rules. In the United States, lawmakers are still discussing a digital asset market structure bill covering stablecoin yield, tokenized equities, and ethics concerns tied to President Donald Trump\u2019s crypto links.<\/p>\n<p>The bill has remained stalled in the U.S. Senate since July 2025. It still needs a markup from the Senate Banking Committee before it can move toward a possible vote.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Israeli regulators have approved the launch of BILS, a shekel-pegged stablecoin issued by local virtual exchange Bits of Gold.\u00a0 Summary BILS became one of Israel\u2019s first shekel-pegged stablecoins after approval&hellip;<\/p>\n","protected":false},"author":1,"featured_media":26883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26882"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26882\/revisions"}],"predecessor-version":[{"id":26884,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26882\/revisions\/26884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/26883"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}