Jurisdiction reference
Israel
Regulator: ISA / BoI. License/registration context: Registration. 24 VASP/entity records are tracked by Plexo Institute in Israel. Official registry source: ISA Financial Assets. Data last updated: 2026-09-24.
Israel is developing a comprehensive stablecoin regulatory framework based on EU MiCA standards, published as BOI principles in February 2023 but not yet enacted into law. The framework mandates 100% reserve backing, dual-regulator oversight (CMA for non-systemic, Banking Supervision for systemic), and strong consumer protections including 2-business-day redemption rights. The BILS shekel-backed stablecoin pilot (launched March 2024 on Solana) operates under CMA sandbox supervision. A public CMA consultation on dedicated stablecoin legislation was opened in mid-2025, indicating proposed formal framework implementation in coming years.
Regulatory Status
- Jurisdiction code
- IL
- Regime
- Registration
- Regulator
- ISA / BoI
- Governing law
- AML Order / Financial Assets Law amendment
- Travel Rule
- Enforced
- Tracked entities
- 24
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- ILS
Regulatory approach
CMA licenses and supervises non-systemic stablecoins (below systemic importance threshold). Bank of Israel's Banking Supervision Department licenses and supervises systemically important stablecoins. Bank of Israel's Payment Systems Oversight Division applies PISA framework for payment systems oversight. Israel Money Laundering and Terror Financing Prohibition Authority (IMLA) enforces AML/KYC compliance for all stablecoin activity.
Licensed entities in Israel
24 regulated-entity records tracked in Israel by Plexo Institute.
| Entity | Status | License type |
|---|---|---|
| Bank Hapoalim B.M | Licensed | Banking License — Crypto Services |
| Bank Leumi le-Israel B.M | Licensed | Banking License — Crypto Services |
| Binance Israel | Licensed | Financial Asset Service Provider |
| Bits of Gold | Licensed | Financial Asset Service Provider |
| Blockchain.il | Licensed | Financial Asset Service Provider |
| Coinmama | Licensed | Financial Asset Service Provider |
| eToro Digital Assets | Licensed | Financial Asset Service Provider |
| eToro Group | Licensed | Financial Asset Service Provider |
| Fireblocks | Licensed | Financial Asset Service Provider |
| GK8 | Licensed | Financial Asset Service Provider |
| GK8 by Galaxy | Licensed | Financial Asset Service Provider |
| Israel Discount Bank | Licensed | Banking License — Crypto Services |
| Kima Finance | Licensed | Financial Asset Service Provider |
| Kirobo | Licensed | Financial Asset Service Provider |
| Kraken Israel | Licensed | Financial Asset Service Provider |
| Kryptodots | Licensed | Financial Asset Service Provider |
| Ledger Israel | Licensed | Financial Asset Service Provider |
| OKX Israel | Licensed | Financial Asset Service Provider |
| Payoneer Israel | Licensed | Financial Asset Service Provider |
| PayPal Israel | Licensed | Financial Asset Service Provider |
| Simplex | Licensed | Financial Asset Service Provider |
| Simplex by Nuvei | Licensed | Financial Asset Service Provider |
| StarkWare Industries | Licensed | Financial Asset Service Provider |
| Zengo | Licensed | Financial Asset Service Provider |
Central bank digital currency in Israel
Plexo Institute tracks 1 central bank digital currency programme in Israel.
- Digital Shekel — Status: Research · Central bank: Bank of Israel (BOI) · Model: Retail · Technology: Under evaluation
Relationship Graph
Jurisdiction FAQ
Who regulates Israel?
The current Plexo Institute record lists ISA / BoI as the regulator for Israel.
How many VASPs are tracked in Israel?
24 VASP/entity records are tracked by Plexo Institute in Israel.
What is the Travel Rule status in Israel?
The current Plexo Institute record lists the Travel Rule status for Israel as Enforced.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.