As the Digital Shekel Plan advances, the Bank of Israel sends signals to strengthen stablecoin regulation According to CoinDesk, Israel's central bank governor Amir Yaron has sent a signal that the country is preparing for more aggressive regulation of stablecoins. Yaron spoke at the Israel Central Bank's "Payments in the Age of Change" conference in Tel Aviv, positioning private digital dollars as a payment force and arguing that regulators can no longer view them as peripheral. Yaron emphasized that stablecoins have been deeply integrated into global capital flows, with a market value exceeding $300 billion and a monthly trading volume exceeding $2 trillion. It emphasizes the concentration risk in the industry, pointing out that 99% of stablecoin activity is controlled only by two issuers: Tether and Circle. He believes that this centralization exacerbates systemic fragility and increases the demand for regulatory clarity. Subsequently, Yaron listed a series of key points that private issuers and regulatory agencies must prioritize, including fully 1:1 reserve support, liquidity reserve assets, and creating a scalable regulatory framework. Yoav Soffer, the project leader of Israel's digital shekel, also discussed the digital shekel plan at the meeting. He stated that the digital shekel will become a "central bank currency that applies to everything," and released a roadmap for 2026, which includes plans to provide official recommendations by the end of the year.