BCGAME - Free 5BTC Daily Bonus!- Israel strengthens rules for stablecoin issuers.
- BC warns about concentration between Tether and Circle.
- Shekel Digital gets a new public roadmap for 2026.
The Bank of Israel has indicated a significant shift in how it intends to oversee the stablecoin market, aligning the country with global discussions on digital payments. This position was presented by Governor Amir Yaron during the “Payments in the Age of Evolution” conference in Tel Aviv, where he described private digital dollars as a central part of the modern financial system.
Yaron drew attention to the current size of stablecoins, which have accumulated over US$300 billion in market value and exceed US$2 trillion in monthly transaction volume. According to the governor, these numbers clearly demonstrate the growing importance of these cryptocurrencies in the international payments environment.
According to him, "given the public's acceptance, it cannot be said that this is a marginal phenomenon." Yaron also stated that the scale of the sector already rivals that of medium-sized financial institutions, reinforcing that supervision needs to keep pace with this growth.
Stablecoins, widely used to reduce the volatility of transactions with other cryptocurrencies and facilitate global payments, currently have a highly concentrated market. Yaron highlighted that 99% of operations are in the hands of two companies: Tether and Circle. According to the governor, this centralization increases risks and requires a more robust regulatory framework.
He presented pillars that he considers essential for the supervisory structure: reserves fully backed at a 1:1 ratio, liquid assets to cover emissions, and a regulatory model capable of adapting to the sector's growth. According to Yaron, these measures increase security and promote stability in the digital payments ecosystem.
The event also addressed the progress of the country's digital currency project. Yoav Soffer, responsible for the development of the digital shekel, stated that the currency will function as "central bank money for everything," presenting an updated roadmap with targets until 2026. The plan foresees the release of official recommendations at the end of this period.
Ben Samocha, CEO of CryptoJungle, highlighted that "the release of the new roadmap for 2026 demonstrates that the Bank of Israel, like the ECB, is accelerating the pace for the launch of the CBDC," reinforcing that Israel is advancing in the debate on sovereign digital currencies.
