Public Consultations Reveal Positive Interest in Bank of Israel’s Digital Shekel – Finance Bitcoin News

) project. The regulator announced it had received 33 responses, half of which from abroad and the rest from the country’s fintech community.

Many of the participants believe that advancing financial inclusion, something the Digital Shekel Steering Committee considers an additional benefit, should be a main motivation for the issuance of the CBDC. Some have also suggested that developing the fintech industry and reducing costs in the cash system should also be among the priorities.

Source: News Formal (newsformal.com)

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