The Coin Shark: The Israeli public supported the CBDC project
The Israeli public supported the CBDC project?
The Bank of Israel has summed up the results of a public survey of parties interested in launching a digital shekel. The majority supports the project, but opinions regarding confidentiality among the respondents differ.
Representatives of different sectors took part in the survey. A total of 33 responses were received. At the same time, 16 responses came from abroad, and 17 from representatives of the Israeli Fintech community.
According to most, the digital shekel will increase competition in the payments sector. This is a significant plus. However, not everyone agrees that the national bank's cryptocurrency should be anonymous. Many believe that KYC will help fight money laundering, make oversight easier, and make the CBDC project more practical.
Commenting on this issue, a representative of the PR firm MarketAcross noted that according to the majority of community members, the introduction of the digital shekel, even with KYC, will still stimulate the adoption of digital assets. But in his opinion, as Elad Mor admitted, the distribution of digital assets to the masses should begin with institutional and state participation.
Recall that the idea of creating a CBDC has been considered by Israel since 2017. However, a year later, the project was frozen, as the researchers noted that at that time no state had launched a national cryptocurrency.
In May 2021, the project was reactivated, and in March 2022, Israel's central bank noted that the launch of the digital shekel does not pose a threat to the country's economy or banking system.
A new word in the environment of cryptocurrency exchanges is the Qmall platform.
Coin Shark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.
Additional Info
- Read full article on: The Coin Shark
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.