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digital shekel

Israel announces first batch of digital shekel challenge participants
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2 August, 2024

Israel announces first batch of digital shekel challenge participants

Israel’s central bank announced the digital shekel challenge in May, and it has now picked COTI, Fireblocks, PayPal and 11...
Israel postpones CBDC launch
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16 July, 2024

Israel postpones CBDC launch

After successful pilots and collaboration with the Bank of International Settlements, BOI Deputy Governor Andrew Abir said it was waiting...
Israel’s digital shekel challenge targets innovative CBDC applications
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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
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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
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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...
Bank of Israel explores options to boost adoption of proposed digital shekel
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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
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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...
Israel utilizes blockchain for digital bonds issuance
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22 October, 2022

Israel utilizes blockchain for digital bonds issuance

Attorney General Yali Rothenberg confirmed that the move to explore the use of blockchain is to open the nations to...
Israel financial regulator grants first ‘crypto’ license to local firm
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14 September, 2022

Israel financial regulator grants first ‘crypto’ license to local firm

Israel is slowly embracing digital assets, issuing its first-ever permanent 'crypto' license to a native firm, in line with its...
Israel central bank teams up with Hong Kong to test retail digital currency
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21 June, 2022

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

Bank of Israel partnered with the Hong Kong Monetary Authority and the Bank for International Settlements to test the feasibility...
Bank of Israel remains unsure of CBDC even amid public support
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13 May, 2022

Bank of Israel remains unsure of CBDC even amid public support

The public said that a digital shekel would reduce reliance on cash and advance the fintech industry, but the BOI...
Israel is stepping up CBDC efforts, central bank governor says
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7 December, 2021

Israel is stepping up CBDC efforts, central bank governor says

Governor Amir Yaron considers central bank digital currencies are the future of finance and will give central banks an effective...