Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin Surpasses Google in Global Market Rankings

    Bitcoin Surpasses Google in Market Cap Ranking

    Philippe Laffont Predicts Bitcoin’s Potential $5 Trillion Market Cap

    Bitcoin.ℏ Integrates SHA-384 for Quantum Security

    Bakkt Files $1 Billion Shelf Offering for Potential Bitcoin Purchases

    Bhutan Mines 12,000 Bitcoin Using Hydropower Initiatives

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    World Liberty Financial Partners with Re7 Capital for USD1 Expansion

    Dogecoin Long Positions Surge Amid ETF Speculation

    XRP Approaches Breakout Amid 206-Day Consolidation

    Solana Price Speculation: Key Factors Before June Closes

    Shiba Inu Sees 12,000% Burn Rate Spike

    Dinari Gains Approval for First U.S. Tokenized Stock Platform

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Plans to Create an Israeli Nationally Back Crypto — Digital Shekel, Has Been Halted

Joshua T. by Joshua T.
November 7, 2018
in Latest News
Central Bank digital Currency (CBDC)

Source: infocoin.net

In 2017, a report had it that the Bank of Israel commissioned a research targeted at monitoring how feasible it will be to issue a Central Bank digital Currency (CBDC) in the country. The result of the research done by the bank was eventually released. So far the research has shown that the proposed Digital currency did not meet up to expectations, as it has been found unsuitable in certain areas. The Israeli central bank has been advised to stop the issuance of this CBDC till further notice.

Central Bank digital Currency (CBDC)

Based on a previous report it was made known that the Bank of Israel along with a joint team from the Israeli finance ministry had a meeting. The meeting was supervised by Karnit Flug, the outgoing BoI Governor. The meeting was centred on discussing the advantages and disadvantages of issuing a cryptocurrency which is Israel based, called the Central Bank digital Currency (CBDC).

At the meeting, they were able to come up with some potential positive advantages the Digital Shekel will provide. It was said that the Digital Shekel will provide access to faster payment for transactions made with it, and help improve the Country’s economy. In turn, the token will increase the tax return of the Country.

Issuance of Token Proposed till Further Notice

Report from a recent announcement about the proposed coin made it known that results from the research conducted clearly suggests that the token remain suspended till further notice. However, the chances of issuing the cryptocurrency are still quite high.

The report also stated that:

“The team does not recommend that the Bank of Israel issue digital currency in the near future. It is necessary to continue examining the field and to follow developments around the world before there are proper grounds for a decision to recommend issuing digital currency.”

The report further made it known that the introduction of a Central Bank digital Currency is likely to bring out some risks and difficulties. These suspected risks may end up impacting the country’s financial system.

Tags: CBDCCentral BankDigital ShekelIsrael
Previous Post

(Part I) How and Where to Buy Bitcoin (BTC)

Next Post

Dash (DASH) Cryptocurrency Review: Pros and Cons

Joshua T.

Joshua T.

Related Posts

US-China Tariffs Increase Amid Trade Tensions

by Solomon M.
June 27, 2025

US raises tariffs on China to 50%, while no evidence of a new 30% flat tariff. Ongoing trade tensions impact...

Bitcoin.ℏ Enhances Security with SHA-384 Against Quantum Threats

by Solomon M.
June 27, 2025

Bitcoin.ℏ introduces SHA-384 security to combat quantum threats, promising blockchain resilience.

North Korea Utilizes ChatGPT for Crypto Theft Automation

by Solomon M.
June 27, 2025

North Korean hackers employ ChatGPT to automate cryptocurrency theft strategies, impacting major digital assets.

EU Plans Tariff Reduction on US Goods Amid Trade Tensions

by Joshua T.
June 27, 2025

The EU plans to reduce tariffs on US goods to defuse trade tensions with President Trump, impacting global markets.

EU Plans to Cut Tariffs on U.S. Goods Amid Trade Negotiations

by Solomon M.
June 27, 2025

EU to reduce tariffs on U.S. goods amid trade negotiations with Trump.

GF Securities Launches Yuan-Backed Tokenized Securities in Hong Kong

by Solomon M.
June 27, 2025

GF Securities initiates yuan-backed tokenized securities in Hong Kong, targeting institutional investors with a new interest-bearing product.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.