PANews reported on December 1st, citing CoinDesk, that Bank of Israel Governor Amir Yaron signaled that the country is preparing for more proactive regulation of stablecoins. Speaking at the Bank of Israel's "Payments in a Changing Era" conference in Tel Aviv, Yaron positioned the private digital dollar as a payment force, arguing that regulators can no longer treat it as a fringe issue. Yaron emphasized that stablecoins are deeply integrated into global money flows, with a market capitalization exceeding $300 billion and monthly trading volume exceeding $2 trillion. He stressed the industry's concentration risk, pointing out that 99% of stablecoin activity is controlled by only two issuers: Tether and Circle. He believes this concentration exacerbates systemic vulnerabilities and increases the need for regulatory clarity. Yaron then outlined a series of priorities that private issuers and regulators must consider, including full 1:1 reserve backing, liquid reserve assets, and the creation of a scalable regulatory framework. Yoav Soffer, head of the Israeli Digital Shekel project, also discussed the Digital Shekel plan at the conference, stating that the Digital Shekel will become "a central bank currency applicable to everything," and unveiled a roadmap for 2026, which includes plans to provide official advice by the end of the year.PANews reported on December 1st, citing CoinDesk, that Bank of Israel Governor Amir Yaron signaled that the country is preparing for more proactive regulation of stablecoins. Speaking at the Bank of Israel's "Payments in a Changing Era" conference in Tel Aviv, Yaron positioned the private digital dollar as a payment force, arguing that regulators can no longer treat it as a fringe issue. Yaron emphasized that stablecoins are deeply integrated into global money flows, with a market capitalization exceeding $300 billion and monthly trading volume exceeding $2 trillion. He stressed the industry's concentration risk, pointing out that 99% of stablecoin activity is controlled by only two issuers: Tether and Circle. He believes this concentration exacerbates systemic vulnerabilities and increases the need for regulatory clarity. Yaron then outlined a series of priorities that private issuers and regulators must consider, including full 1:1 reserve backing, liquid reserve assets, and the creation of a scalable regulatory framework. Yoav Soffer, head of the Israeli Digital Shekel project, also discussed the Digital Shekel plan at the conference, stating that the Digital Shekel will become "a central bank currency applicable to everything," and unveiled a roadmap for 2026, which includes plans to provide official advice by the end of the year.

Copy linkX (Twitter)LinkedInFacebookEmail