Bank of Israel Archives

-

6 June, 2024

Israel’s digital shekel challenge targets innovative CBDC applications

The Bank of Israel launched the challenge to explore the feasibility of issuing a digital shekel, inspired by the Bank...

Digital shekel will compete with banks for deposits, payments: Bank of Israel

-

22 April, 2024

Digital shekel will compete with banks for deposits, payments: Bank of Israel

A digital shekel will force commercial lenders to up their game and offer better and cheaper services, according to the...

Israel proposes for digital shekel to bear interest

-

15 March, 2024

Israel proposes for digital shekel to bear interest

The Bank of Israel published a CBDC paper, which outlines a system in which CBDC wallets aren’t linked to banks...

BIS partners with Israel, Hong Kong for retail CBDC experiment

-

17 September, 2023

BIS partners with Israel, Hong Kong for retail CBDC experiment

The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize...

Bank of Israel explores options to boost adoption of proposed digital shekel

-

11 June, 2023

Bank of Israel explores options to boost adoption of proposed digital shekel

The Bank of Israel laid out several initiatives to trigger mass adoption of its digital shekel, including using the CBDC...

Bank of Israel weighs options for launching CBDC

-

21 April, 2023

Bank of Israel weighs options for launching CBDC

Israel has decided against launching a digital shekel but remains open to its possible development, noting that global powers and...

Bank of Israel reveals plan for proposed stablecoin regulation, supervision

-

28 February, 2023

Bank of Israel reveals plan for proposed stablecoin regulation, supervision

Israel's proposed legislations in regulating stablecoins include restricting algorithmic stablecoins and uncollateralized assets, as well as "borrowing" the EU's MiCA...

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

-

26 January, 2023

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

Retail CBDCs could solve cross-border friction, but Yaron admitted that several challenges remain, including enforcing AML rules and possibly pushing...

Israel’s chief economist recommends sweeping digital asset guidelines

-

2 December, 2022

Israel’s chief economist recommends sweeping digital asset guidelines

Shira Greenberg called for wider powers to be given to the supervisor of financial service providers and opined to create...

Israel central bank teams up with Hong Kong to test retail digital currency