Central Bank of Israel will not issue its own digital currency for now

Central Bank of Israel will not issue its own digital currency for now
An Israeli research group studying digital currencies recommends that the country"s central bank refrain from issuing its own token, according to a November 6 press release.

An inter-ministerial research group, created in November 2017 by the Governor of the Bank of Israel (BOI) to “explore the issue of digital currencies of the central bank [CBDC]”, released its report this week.

It says:
Central banks around the world are examining the possibility of issuing digital currency and/or using distributed technologies in the payment systems, but no advanced economy has yet issued digital currency for broad use. The Bank of Israel has also established a team to study the issue.

The team does not recommend that the Bank of Israel iss ...
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