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Ethereum to Become Basis for Digital Shekel: Bloomberg

Wed, 23/06/2021 - 8:58
Bank of Israel intends to issue a digital shekel using Vitalik Buterin’s blockchain platform.
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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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