The Government of Israel Is Considering Launching “Crypto Shekel”

israel cryptocurrency

Cryptocurrency is growing in popularity all over the world, and more countries are now researching the possibility of releasing national digital coins backed up by the government. This is the perfect way to both be in trend and stay in control of the financial situation in the country.

One of the first countries to introduce a national cryptocurrency was Venezuela. Its example was followed by Israel. Having conducted a thorough research of the issue, The Bank of Israel is finally working on the ways to introduce the digital currency legally, so next year the crypto community might witness the emergence of a “crypto shekel”.

According to the government, the introduction of “crypto shekels” is going to reduce the number of cash transactions in Israel and eliminate money laundering.

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