Bank of Israel Doesn’t Recommend Launching Bank-Backed e-Shekel7.35

The central bank of Israel has published a summary of the work of its interdepartmental team to examine central bank digital currency and its eventual use in the country’s financial system. The research found there are no proper grounds for a decision to recommend issuing digital currency as of yet.

A team established by Karnit Flug, Governor of the Bank of Israel, examined the issue of central bank digital currencies (CBDC), only to conclude the work group doesn’t recommend the issuance of its own CBDC in the near future.

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