Israel's central bank plans to position digital shekels as a "multipurpose CBDC"
According to online reports, the Bank of Israel has raised the potential involvement of the Central Bank's Digital Currency (CBDC), and plans to position the digital shekel as a "multi-purpose CBDC", which can be used for both retail and wholesale, which means that it can meet the needs of households and end users such as businesses, as well as the wholesale needs of financial entities. Note: The shekel is the legal tender of Israel.
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