Israel is ready to create a state digital currency

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The Central Bank of Israel may soon issue a national digital currency. Public opinion supports the initiative for the emergence of a digital shekel.

According to the regulator, the final decision has not yet been made, but a public opinion poll showed that the initiative includes approvals. The Central Bank of Israel addressed a question to experts from various industries and sectors, including the financial and technical sector. The results showed that the digital shekel is considered a promising project that will be a powerful incentive for competition in the payment market.

In the nuances, opinions about the state digital currency differ. Some respondents prefer it to be completely anonymous, like many popular cryptocurrencies. But the opposite point of view is also widespread – an anonymous currency will contribute to the shadow economy and money laundering.

Also, respondents believe that the currency should be easy to use, so that even older Israelis could figure it out. The project has been under consideration since 2017, but the support of the society can give a new impetus to its development.

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