Bank of Israel Unveils Possible Design of ‘Multipurpose’ Digital Shekel
The central bank stressed that no decision has been made whether to issue a CBDC, therefore the design presented should only be considered a preliminary one
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The central bank stressed that no decision has been made whether to issue a CBDC, therefore the design presented should only be considered a preliminary one
The Israel Securities Authority approval was granted last week, Calcalist reported.
A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age.
The crypto exchange complies with anti-money laundering legislation, he said.
The price action happened as Iran’s leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.
Singapore’s government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.
Israel’s central bank is launching a challenge on the use of a central bank digital currency in payments as part of an “action plan for a possible issuance of the digital shekel.”
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
Iran’s first strike on Israel pushed down crypto and risk assets, while leading to a spike in gold.
The cryptocurrency market lost $430 billion in capitalization since April 12, amid an unprecedented Iranian offensive against Israel. Traders lost … Continue reading
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