Israel’s central bank is working on a national digital currency, but it’s unclear if or when a central bank digital currency (CDBC) would roll out. Bank of Israel Governor Amir Yaron said at a conference that his organization is moving ahead with its plans for...
Six months after Israel’s open banking legislation came into effect, the field is taking shape. Like similar laws elsewhere, such as the EU’s second payment services directive (PSD2), Israel’s Financial Information Services Law (FISL) gives big banks a mandate to share consumer data with third...
The central banks of Sweden and Israel announced Wednesday (Sept. 28) that they will start exploring how central bank digital currencies (CBDCs) can be used for international retail and remittance payments in collaboration with the central bank of Norway and the Bank for International Settlements....
A digital euro could be the “Holy Grail” of cross-border payments, according to a recent report by the European Central Bank. A European central bank digital currency (CBDC) would present a solution that is “immediate, cheap, universal in terms of reach, and settled in a...
July 11, 2024
The Bank of Israel reportedly plans to wait until another advanced economy launches a central bank digital currency (CBDC) before introducing one of its own. The European Central Bank (ECB) is likely to be the first to do so, “and then you may see a rush of countries going forward with it,” Bank of Israel […]
September 12, 2023
Israel’s central bank is working on a national digital currency, but it’s unclear if or when a central bank digital currency (CDBC) would roll out. Bank of Israel Governor Amir...
September 28, 2022
The central banks of Sweden and Israel announced Wednesday (Sept. 28) that they will start exploring how central bank digital currencies (CBDCs) can be used for international retail and remittance...
June 20, 2022
A report Monday (June 20) from Israel’s central bank suggested that decentralized finance (DeFi) smart contracts may require oversight to prevent “malicious” acts, Bloomberg wrote. Researchers from the Bank of...
