Israel has already started testing their own central bank digital currency

Written by cryptobw | Published 2021/07/07
Tech Story Tags: hackernoon-top-story | digital-currency | central-bank-digital-currency | central-banking | finance | currency | technology | technology-trends

TLDR The idea of issuing a central bank digital currency has been in discussion since 2017. Israel has already conducted a pilot test of their own CBDC which is the digital Shakel. The Bank of Israel has made no announcement on its website about the issuance of a digital shekel at the time of publication. Deputy Governor Andrew Abir said he was not optimistic that Israel would launch a digital currency within five years. He said the chance of having a CBDC is less than a 50% chance.via the TL;DR App
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Published by HackerNoon on 2021/07/07
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