Tout le monde regarde le boom américain de la cryptographie, mais Israël et le Pakistan pourraient montrer ce qui va suivre
Burns Brief
Ce mois-ci, Israël et le Pakistan ont fourni un test plus silencieux pour la cryptographie que celui qui se joue sur les marchés de capitaux américains. Le sentiment du marché devient positif, les traders et les analystes soulignant un potentiel de dynamique de suivi au cours des prochaines sessions. Surveillez la réaction de $ BTC $ ETH – un mouvement décisif au-dessus ou en dessous des niveaux clés confirmera la prochaine tendance.
This month, Israel and Pakistan supplied a quieter test for crypto than the one playing out in US capital markets. What if the more important 2026 shift is happening where digital assets meet local money and bank accounts? Israeli crypto firm Bits of Gold said Israel's Capital Market Authority approved the issuance and distribution of BILS, a shekel-pegged stablecoin, after a two-year pilot. Days earlier, the State Bank of Pakistan issued BPRD Circular Letter No. 10 of 2026, replacing its 2018 virtual-currency prohibition. The Pakistan circular allows regulated entities to open bank accounts for PVARA NOC or licensed VASPs and their customers under defined compliance conditions. Those two moves sit far from the US spot ETF cycle. Yet they point to the operational layer that decides whether crypto becomes more than an investment wrapper. The US has supplied legitimacy, liquidity, and a powerful digital-dollar debate. Other jurisdictions are testing a different operating layer: whether crypto can connect to local money, bank accounts, merchant checkout, and enforceable market rules. Related Reading CLARITY Act stablecoin fight shifts from yield to who captures digital-dollar economics Washington’s stablecoin rules are turning a yield fight into a broader contest over payments, reserves, wallets, and bank rails. Apr 28, 2026 · Liam 'Akiba' Wright That distinction changes how global adoption should be evaluated. A Bitcoin ETF lets investors buy exposure. A regulated shekel stablecoin lets users hold a domestic currency on-chain. A central bank circular that lets licensed crypto firms open accounts gives the sector a bridge back into supervised banking. The first validates an asset class. The second and third test whether crypto can become usable financial infrastructure. The test remains early. BILS still needs proof of issuance and usage. Pakistan still needs licensed VASPs with actual bank relationships. Hong Kong's new licensees still need business launches. The UAE
Key Takeaways
- This month, Israel and Pakistan supplied a quieter test for crypto than the one playing out in US capital markets
- What if the more important 2026 shift is happening where digital assets meet local money and bank accounts
- Israeli crypto firm Bits of Gold said Israel's Capital Market Authority approved the issuance and distribution of BILS, a shekel-pegged stablecoin, after a two-year pilot
- Days earlier, the State Bank of Pakistan issued BPRD Circular Letter No
- 10 of 2026, replacing its 2018 virtual-currency prohibition