According to recent reports, the Capital Market Authority has granted “Bits of Gold” approval to issue the first stable digital currency (BILS) pegged to the Shekel. Unlike volatile cryptocurrencies, this is an asset with a fixed value at a 1:1 ratio to the Shekel. This stability is legally guaranteed through a full reserve backing requirement and strict supervision—enabling safe and simple conversions, just as we are familiar with when exchanging Dollars or Euros, only this time in a local, digital version.

We are witnessing another stage in the expansion of blockchain utility in Israel. The added value here is the ability to perform instant transfers 24/7 and execute “smart contracts” in Shekels, without depending on the banking system.

As part of our professional consultation in the financial and technological sectors, we are closely monitoring this trend. This is a milestone that provides a framework of legal certainty and creates tangible work tools for businesses and individuals in the new economic era.

Disclaimer:
This is an unofficial English translation of a Hebrew news article. It is provided for informational purposes only. While every effort was made to convey the original meaning, certain nuances may have been adapted for clarity. For the full context, refer to the original Hebrew-language broadcast and article.