Everyone is watching America’s crypto boom but Israel and Pakistan may be showing what comes next

While the US crypto market is dominated by the boom in spot ETFs and dollar-denominated stablecoins, Israel and Pakistan are quietly advancing the practical integration of digital assets with local financial systems. Israel's Capital Market Authority has approved a shekel-pegged stablecoin (BILS), and Pakistan's central bank has eased restrictions on regulated entities opening bank accounts for licensed crypto firms. These developments, alongside similar moves in Hong Kong, Japan, the UK, UAE, and South Korea, indicate a global shift towards treating crypto as usable financial infrastructure that connects to local money, bank accounts, and merchant payments, rather than just an investment vehicle. The success of these initiatives will be measured by actual usage and integration into local economies, potentially reshaping the global crypto landscape beyond US-centric financialization.

(Source：CryptoSlate)