tl;dr
Israel's central bank will not decide on introducing a central bank digital currency (CBDC) before the European Union. The Bank of Israel's Deputy Governor, Andrew Abir, stated that they are waiting for the European Central Bank to make the first move, which is likely to prompt other countries to fo...
Israel's central bank will wait for the European Central Bank to make a decision on introducing a central bank digital currency (CBDC) before making its own move. The Bank of Israel's Deputy Governor, Andrew Abir, stated that they are waiting for the European Central Bank to make the first move, which is likely to prompt other countries to follow suit.
Israel has announced a Digital Shekel Challenge as part of its preparations for a potential digital currency issuance but has not made a firm decision yet. The European Union has also shown interest in developing its own digital currency, with 134 countries or jurisdictions, representing 98% of global GDP, exploring CBDCs.
The Bank of Israel is conducting a behavioral study to assess the potential adoption of a digital shekel and is focused on creating a fair environment for payment providers to compete with banks. Israel's central bank announced the launch of a Digital Shekel Challenge as part of an "action plan for a possible issuance of the digital shekel," to develop uses in the world of payments. It reiterated then that it hadn't decided whether to issue a CBDC, even as it kept up to pace with the research.
As of May, 134 countries or jurisdictions representing 98% of global GDP are exploring a CBDC. Among them, the EU has shown particular interest in developing its own digital currency. Abir said whether the public will adopt a digital shekel is uncertain, and the bank is conducting a behavioral study on the subject. He said that one has to have "a good set of use cases." But in a nation where two large banks dominate more than 60% of the market, the main incentive is to create a "level playing field for payment providers and allow them to compete with the banks."
Israel won't decide on introducing a central bank digital currency (CBDC) before the European Union, a senior official of its central bank told Reuters. Neither Israel nor the EU has yet committed to issuing a CBDC. The Bank of Israel won't decide whether to introduce a central bank digital currency (CBDC) before the European Central Bank does, Deputy Governor Andrew Abir told Reuters. Read More: Israel to Start Digital Shekel Challenge to Develop Payment Use Cases
More about Iris Energy Ltd
Stock Market Analysis: Iris Energy Ltd Stock Market Analysis: Iris Energy Ltd
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROCESSING & DATA PREPARATION
Market Cap: 2.395 billion
Dividend Yield: -0.06
P/E Ratio: 2.179
Earnings Per Share (EPS): -0.0532
Volume: 165,535,000
Price: $15.58
52-Week High: $0
52-Week Low: $3.798
More about Core Scientific Inc. Common Stock
Core Scientific Inc. Common Stock Summary
Core Scientific, Inc. provides blockchain and artificial intelligence (AI) infrastructure services in the United States. The company is headquartered in Austin, Texas.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROCESSING & DATA PREPARATION
Market Cap: 542,047,000
Dividend Yield: None
Beta: None
EPS: 1.323
P/E Ratio: -0.491
Volume: 502,400,000
Stock Price: 6.75
52-Week High: 0
52-Week Low: 0
RSI (14): 0.171
More about Dakota Gold Corp.
Stock Market Analysis: Dakota Gold Corp. Dakota Gold Corp. Stock Analysis
Industry: ENERGY & TRANSPORTATION
Sector: METAL MINING
Market Cap: $208,687,000
Support Level: $5.75
Resistance Level: $0.44
Bullish Trend: No
Bearish Trend: No
Breakout: No