Israel’s regulator teases comprehensive crypto framework at ICC
— Stressing, Opinions expressed, Blockchain scene, Steps toward regulations, Including maya zehavi, Teases, Digital assets, Happened, Pace, Israeli authorities — 1 min read
A year ago, the Bank of Israel was experimenting with a blockchain-based digital shekel based on a private, siloed fork. The country's central bank has a positive outlook for a digital national currency, as it revealed in May 2021, deeming the prospect to be beneficial for the Israeli economy. El Salvador’s Minister of Economy Luisa Hayem said El Salvador had drawn in companies looking to play-test their products with an eye on larger regional expansion. Israel could do the same for the larger Middle East, showcasing a new-generation economy powered by a strong, resilient infrastructure and resilient blockchain infrastructure. It could even give Israel another common ground to explore with other forward-thinking nations in the region, such as the United Arab Emirates. Source