According to Deep Trend TechFlow, cryptocurrency broker Bits of Gold has partnered with the Israel Capital Markets, Insurance and Savings Authority to launch the BILS stablecoin in the regulatory sandbox.
The BILS pilot project is set up in a regulatory “sandbox” and is designed to evaluate the performance of stablecoins on the Solana blockchain, adhering to international standards and principles outlined by the Bank of Israel.
Youval Rouach, co-founder and CEO of Bits of Gold, said that the launch of BILS is a breakthrough development that connects digital currencies to the Israeli economy, marking the integration of digital currencies into the Israeli economy while expanding financial access. and sex, significant progress has been made.