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

Crypto Market Prediction: Is Shiba Inu (SHIB) Bull Market Starting? XRP Downtrend Canceled on ETF Craze, Bitcoin (BTC) Loses $1.63 Billion, But Price Bounces
XRP Prints Massive 3,254% Liquidation Imbalance Amid ETF Buzz
Ripple Issues Crucial Scam Warning, Crypto Exchange BitGo Runs out of XRP, Top Trader Makes Bullish Case for Bitcoin (BTC) — Crypto News Digest
Brandt: Bitcoin Could Test Saylor 'Severely'
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

Dan Burgin
Vladislav Sopov
U.Today Editorial Team