Ethereum to Become Basis for Digital Shekel: Bloomberg

Yuri Molchan

Bank of Israel intends to issue a digital shekel using Vitalik Buterin’s blockchain platform

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Wed, 23/06/2021 - 8:58

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.

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

Wed, 06/23/2021 - 07:14

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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).

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

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About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.