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Israel Approves Shekel-Pegged Stablecoin BILS for Launch on Solana

GateNews

solana news Project Progress Token Events Geopolitics

2026-04-28 00:37:43

SOL-2.94%

Gate News message, April 28 — Israel’s capital market, insurance and savings regulator has approved virtual asset trading platform Bits of Gold to launch BILS, a stablecoin pegged to the Israeli shekel (ILS). The stablecoin completed a two-year pilot on the Solana blockchain before receiving official approval.

BILS reserves will be held in designated independent accounts within Israel. The project is part of broader efforts by Israel’s tax authority and finance ministry to establish a regulatory framework for the crypto industry, including specific provisions for stablecoin activities.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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