The recommendations call for the creation of a new regulatory infrastructure, legislating licensing powers and supervision over the issuance of backed digital assets, including stablecoins, and the provision of financial services through them. The recommendations also call for legislation to be passed that would transfer supervision over digital assets “that have a significant stability or monetary effect” to the Bank of Israel.
Source: https://www.coindesk.com/policy/2022/11/28/israels-ministry-of-finance-proposes-new-guidelines-for-regulating-digital-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines