Standing above stablecoins, the Bank of Israel has announced that a central bank digital currency ( CBDC) may be removed.
On April 17, the Bank of Israel’s Steering Committee for Potential Digital Shekel Issuance stated, “ SHAKEDa digital shekelone with of CBDCexpressed some scenarios for development and sustainability. SHAKEDnamed of CBDCThe Bank of Israel, which constitutes the planning of the stablecoins ” he stated. Bank of Israel, stablecoinAs a result of the stability and increase in the use of The CBDC stated that it will make its moves more frequent.Also, the adoption of stablecoins could harm payment systems.the committee that expressed He also emphasized that stablecoins that are not pegged to shekels can pose a danger to money transfers.
“Rising Stablecoins Could Trigger CBDC!”
The increasing adoption of stablecoins payment to your services damage that you can give” voicing, the committee said that stablecoins that are not pegged to a “shekel” money to transfers damage that you can give ” told. Also, the committee targeting stablecoin and CBDC issues;
“At this point, there is no sign of substantial adoption of stablecoins as a means of payment in Israel. However, in the scenario of issuance by a large private sector entity, the public’s payment habits can change rapidly.”
Creating its future plans by combining stablecoins with CBDC, the Bank of Israel is not only interested in the crypto industry, but also in the crypto industry. It also attracted the attention of other financial markets globally.
