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Israel to Introduce Licensing Framework for Stablecoin Issuers Ahead of 2026 Digital Shekel Launch
Israel's central bank announced stricter oversight rules for private stablecoin operators as the country prepares to roll out its digital shekel by 2026. Bank of Israel Governor Amir Yaron stated that new licensing, reserve, and reporting requirements will target firms serving local users, citing concerns over market concentration dominated by Tether and Circle.