Bank of Israel Launches Digital Shekel CBDC Challenge

Photo of developer building CBDC solution

The Bank of Israel has launched its Digital Shekel Challenge, following the recent announcement of a central bank digital currency (CBDC) sandbox. This initiative invites participants from both Israel and abroad to develop innovative use cases for the digital shekel. Drawing inspiration from the BIS and Bank of England’s Project Rosalind, the Challenge aims to […]

Project Sela: Israel and Hong Kong Finalise Retail CBDC Test Focusing on Privacy and Inclusivity

Project Sela: Israel and Hong Kong Finalise Retail CBDC Test Focusing on Privacy and Inclusivity

Israel and Hong Kong have recently finalised their retail Central Bank Digital Currency (CBDC) pilot project, Project Sela, highlighting the significant emphasis placed on privacy and inclusivity. During the pilot project, both nations collaborated to explore the practical implications of a CBDC in the retail sector. They utilised Distributed Ledger Technology (DLT) to investigate various […]

Potential Scenarios for Deciding to Issue a Digital Shekel

Potential Scenarios for Deciding to Issue a Digital Shekel

Source: Bank of Israel The Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlines potential scenarios for deciding to issue a digital shekel; The following are the main points:  The Bank of Israel must be prepared to advance the issuance of a digital shekel, if the variables listed above support it. […]

Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC

Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC

Source: Coindesk The central banks of Israel, Norway and Sweden have teamed up with the Bank for International Settlements (BIS) to explore how central bank digital currencies (CBDC) can be used for international retail and remittance payments, BIS announced on Wednesday. The BIS is an association of 61 central banks from around the world and has innovation […]

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