The Bank of Israel told about the beginning of testing the digital shekel.
As the deputy head of the Central Bank Andrew Abir noted, the national digital currency (CBDC) will be issued only by the regulator. All operations with such a tool will become as transparent as possible.
Testing is already in full swing, but the representative of the Israeli Central Bank did not disclose the details of the process for testing the token.
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Based on the testing results, the Central Bank plans to assess the prospects and risks of introducing an innovative tool. Aber acknowledges the enormous potential of the CBDC, but the official strongly opposes the acceptance of bitcoin as a means of payment.
The Deputy Governor of the Bank of Israel stressed: "What we're talking about CBDC as a payment system. Bitcoin is not a payment system or currency. At best, it is a financial asset, and at worst, it is an ordinary pyramid scheme."