Article source: www.worthynews.com
The Bank of Israel has issued digital currency for a first internal pilot program prior to the possibility of issuing a digital shekel. Bank of Israel deputy governor Andrew Abir inadvertently revealed this during a meeting two weeks ago to examine the need for a digital shekel and its implications for the financial sector, “Globes” has learned.
The meeting heard that digital currency would have dramatic implications not only for the payments market but also the entire financial market including the cryptocurrencies and blockchain sector and the banking system. Abir spoke in response to criticism that a call for proposals was published by the Bank of Israel when the possible issuing of a digital shekel by the Bank of Israel was only theoretical.
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Date published: 08/07/2021
Feature image: Image for illustrative purposes only. www.rawpixel.com
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