Israel is looking to launch a national cryptocurrency
Israel might be launching its own private Bitcoin in a few years.
The Bank of Israel is looking to issue a digital currency to create a faster payments system as well as reduce the country's reliance on cash, according to an anonymous source that spoke to Reuters. However, the project has not been finalized yet.
If the central bank gives the project a green light, the country's government is ready to include it in its 2019 budget.
This national cryptocurrency would be very different from Bitcoin, however. Reuters' source claims it would be centralized, safe and in accordance with Israel's money laundering rules. Bitcoin, in contrast, is decentralized and anonymous.
Jerusalem Post has a tiny bit more detail on how this national cryptocurrency could work. “You can imagine that instead of giving you a piece of paper saying the Bank of Israel on it, I can send you a piece of digital code that was issued by a central bank,” a source told the outlet.
While Israel might be interested in cryptocurrencies, it's not very benevolent toward the coin that started the crypto-craze -- Bitcoin. Yesterday, CNBC reported that Israel is looking to ban companies based on Bitcoin and other cryptocurrencies from trading on the Tel Aviv Stock Exchange.
Israel is not the first country that's exploring the possibility of launching a cryptocurrency or using blockchain technology in some fashion. In August, Estonia announced it's planning to launch its own cryptocoin, called Estcoin, through an ICO (initial coin offering), and China and Singapore have been testing their own digital currency systems for a while now.
Featured Video For You
Here's what you need to know before you buy bitcoin
相关文章
- Séamus Malekafzali ,July 23, 2024 Netanyah2024-09-21
閾惰鍗℃洿鎹㈡湇鍔″悇涓嶅悓:涓嶄繚鍙蜂細甯︽潵鍝簺褰卞搷
銆€銆€杩戞棩锛屾湁缃戝弸鍚戣鑰呭弽鏄狅紝鑷繁鐨勭鏉″崱琚秷纾佷簡锛屽埌閾惰鍘绘崲鍗★紝浣嗘槸鍘熷崱鐨勫崱鍙峰嵈涓嶈兘缁х画淇濈暀浣跨敤锛岃繖璁╀粬寰堢潃鎬ワ紝鍥犱负鑷繁鐨勫伐璧勫拰涓€浜2024-09-21- 做农业“领头雁”,2023湛江农村青年人才培训活动顺利开班_南方+_南方plus为充分发挥青年在湛江市农业发展的生力军作用、扎实推进青年人才振兴,11月1日,2023年湛江市“领头雁”农村青年人才培训2024-09-21
Apple's iPhone 17 will come with a huge RAM upgrade, report claims
Apple's iPhone 16 is due to launch in two weeks, but we're already seeing rumors about its successor2024-09-21- 全职妈妈重返职场,摆在面前的难题是与职场脱轨、难以平衡孩子与工作,并面对自信心低落挑战。在孩子进幼儿园以后,家庭主妇们几乎都有一个强烈的愿望:重返职场。记者调查发现,妈妈重返职场,最大的困扰是与职场脱2024-09-21
最新评论