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Digital Shekel Challenge: Bank of Israel Engages 14 Teams for Digital Currency Innovation

26.7.2024
The Bank of Israel has initiated the “Digital Shekel Challenge” to explore the potential of a central bank digital currency (CBDC) system inspired by the BIS Innovation Hub’s “Project Rosalind.” Fourteen teams from various sectors have been selected to propose innovative use cases....

Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move

11.7.2024
The Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB)...

Israel Decision on Digital Shekel Won't Occur Before the EU's Call on Digital Euro: Reuters

10.7.2024
The Bank of Israel won't decide whether to launch a central bank digital currency before the European Union does, Deputy Governor Andrew Abir told Reuters

Israel to Launch Digital Shekel Test for Payment

29.5.2024
The "digital shekel," also known as the central bank digital currency (CBDC), is being developed at a faster pace by the Bank of Israel (BoI). The bank recently provided an update on May 28 that included preparations for the payment use case of the CBDC through the 'Digital Shekel Challenge'...

Israel to Start Digital Shekel Challenge to Develop Payment Use Cases

29.5.2024
Israel's central bank is launching a challenge on the use of a central bank digital currency in payments as part of an "action plan for a possible issuance of the digital shekel."

Israel launches digital shekel CBDC experiment for payments

29.5.2024
The Bank of Israel launched the CBDC experiment taking inspiration from the Project Rosalind carried out by the BIS Innovation Hub

Bank of Israel Launches Digital Shekel Challenge

29.5.2024
The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The initiative aims to foster the development of innovative...

Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments

17.4.2024
The Bank of Israel is launching a sandbox environment for testing CBDC said in a statement use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications. The post Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments...

Israel Plans to Launch Interest-Bearing CBDC – Here’s What You Need to Know

12.3.2024
On March 11, the Central Bank of Israel unveiled plans for a Central Bank Digital Currency (CBDC). Known as ‘digital shekel’ the unique CBDC will be interest-bearing, marking a departure from existing digital currencies. The post Israel Plans to Launch Interest-Bearing CBDC – Here’s What...

Israeli Shekel Hits 7-Year Low Amid Conflict; Central Bank Launches $30B FX Intervention

10.10.2023
On Monday, as tensions escalated between Israel and Hamas militants from the recent weekend skirmishes, the Israeli shekel plummeted to its weakest level in seven years. Responding to the declining currency, the Bank of Israel unveiled a strategy to offload up to $30 billion in foreign exchange...

Israel’s central bank says CBDC could be issued if stablecoin use increases

18.4.2023
The Bank of Israel does not want private companies taking over the digital payments system in the country

Today in Crypto: Bhutan 'Cultivated a Secret Crypto Portfolio', Amber Group May Sell Its Japan Unit, Bank of Israel Mulling a Digital Shekel

17.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Bhutan 'Cultivated a Secret Crypto Portfolio', Amber Group May Sell Its Japan Unit, Bank of Israel Mulling...

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

8.3.2023
The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed...

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

21.1.2023
A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated...

Digital Asset Exchange Platform Granted ‘Crypto Financial Services Provider License’ by Israeli Regulator

24.9.2022
An Israeli capital markets regulator, the Insurance and Savings Capital Market Authority, recently granted a “crypto financial services provider license” to Bits of Gold, the first such license for an active company in the country. This license allows Bits of Gold to offer crypto...

Bank of Israel experiments with central bank digital currency smart contracts and privacy

21.6.2022
The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency

Public Consultations Reveal Positive Interest in Bank of Israel’s Digital Shekel

14.5.2022
A survey carried out by the central bank of Israel has returned mostly positive responses from stakeholders regarding the possible issuance of a digital shekel currency. Many of the participants in the public consultations support the continued development of the project, the regulator said. Bank...