Bloomberg has reported that the Bank of Israel plans to use the second largest blockchain platform Ethereum for emitting a digital version of its currency shekel.
Advertisement
Advertisement
The course cited by the Israeli financial daily edition Globes. No comments from the bank have followed yet.

Morning Crypto Report: $17 XRP Dream Faces Bitcoin Crosswind, Shiba Inu 2.0? Vitalik Buterin Exits 6 Coins, SEC Chief Explains Venezuela's $60 Billion BTC Situation
$160M XRP Shuffle Sparks Confusion
Crypto Market Review: XRP Might Go Parabolic, Perfect Bitcoin (BTC) Bounce Setup, Dogecoin (DOGE) Losing Critical Support Level
Top Binance Traders Now 300% More Bullish on XRP, Shiba Inu (SHIB) Price Prints Golden Cross, Satoshi-Era Whale Wakes Up to Move $156 Million in Bitcoin — Crypto News Digest
Other major countries at the moment are busy developing digital versions of their currencies – China is working on DCEP, Japan, South Korea, France and EU have also made public their intentions to launch CBDCs (central bank digital currencies).
Advertisement
Earlier, the Deputy Governor of Bank of Israel has referred to Bitcoin as a “pyramid scam”.
@u.today Bank of Israel intends to issue a digital shekel using ##Ethereum ##crypto ##cryptonews ##ETH ##Ether ##CBDC
♬ original sound - U.Today

Gamza Khanzadaev
Godfrey Benjamin
Tomiwabold Olajide
Arman Shirinyan