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Ethereum to Become Basis for Digital Shekel: Bloomberg

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Wed, 23/06/2021 - 8:58
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Ethereum to Become Basis for Digital Shekel: Bloomberg
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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.

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The course cited by the Israeli financial daily edition Globes. No comments from the bank have followed yet.

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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).

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Earlier, the Deputy Governor of Bank of Israel has referred to Bitcoin as a “pyramid scam”.

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Bank of Israel intends to issue a digital shekel using ##Ethereum ##crypto ##cryptonews ##ETH ##Ether ##CBDC

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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