Israel’s Central Bank ‘Not Recommended’ to Issue Own Digital Currency
A dedicated focus group says that Israel’s central bank should “continue examining the field” prior to making a firm commitment in releasing a digital currency.
The interdepartmental team, set up in November 2017 by the governor of the Bank of Israel to “examine the issue of central bank digital currencies [CBDCs],” revealed its findings in a full report this week.
“Central banks around the world are examining the possibility of issuing digital currency and/or using distributed technologies in the payment systems, but no advanced economy has yet issued digital currency for broad use,” it summarizes, adding:
“The team does not recommend that the Bank of Israel issue digital currency in the near future. It is necessary to continue…
Read Full Story : Cointelegraph.com News