The Israeli central bank wanted to create a digital shekel (CBDC)

The Israeli central bank wanted to create a digital shekel (CBDC)



The Bank of Israel is preparing an action plan for the potential issuance of a digital shekel (SHAKED), despite the fact that a decision has not yet been made as to whether the Bank intends on doing so.



The questions of the circumstances under which it would be decided to issue a retail CBDC is a complementary important discussion to the significant work being done on the business and technological specifications.



Several scenarios could lead to the creation of a digital shekel:




Decline in the legitimate use of cash and its acceptance in transactions in Israel – According to our data, cash is still used in Israel in a significant portion of the consumer transactions. However, it is highly probable that the use of cash as a means of payment will decline in the future, with the expanding adoption of payment applications a


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#Altcoin, #CBDC, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #DigitalShekel, #News, #Regulations, #Shekel

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