The Bank of Israel's official website released stablecoin regulatory rules. The document follows the digital asset regulatory guidelines issued by the country's Ministry of Finance in November. The central bank requires stablecoin issuers to maintain reserves that match the amount of cryptocurrencies in circulation. In addition, the document also recommends splitting regulatory roles among multiple regulators to improve efficiency, and stablecoin issuers should obtain operating licenses. The proposed rules will be open to public comments until March 15, after which the bank will make necessary modifications and recommend legislation to the government.