[Israel Approves Bits of Gold to Launch Stablecoin BILS] According to Cointelegraph, the Israel Capital Market, Insurance, and Savings Authority has approved Bits of Gold to launch the stablecoin BILS, pegged to the Israeli shekel. BILS has completed a 2-year pilot on the Solana blockchain, with reserve assets stored in independent accounts within Israel. This project is part of the Israeli Tax Authority and Ministry of Finance's efforts to promote a regulatory framework for the crypto industry.