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Israel has already tested a digital shekel cryptocurrency


Israel has already conducted a pilot test of a digital shekel cryptocurrency, Bank of Israel Deputy Governor Andrew Abir said, perhaps inadvertently, at a recent conference of the Fair Value Forum of IDC Herzliya.


Toward the end of a panel discussion, Abir said the Bank of Israel had already run a digital currency pilot. Another member of the panel seemed surprised and asked: “You have already issued a coin?” Abir responded in the affirmative.


However, Abir said he was not optimistic that such a central-bank digital currency (CBDC) would ever be launched.


From an article in the Jerusalem Post

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