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Israel's government is discussing the issue of crypto shekel

Israel can supplement the list of countries that seriously consider the creation of a national crypto currency.

In order to significantly reduce the amount of cash in the economy of the country, as well as in the fight against the shadow economy, the Ministry of Finance of Israel is considering the possibility of creating a national crypto currency - cryptshell.

However, cryptoscale will not be a full-fledged crypto currency. This will be an electronic alternative to the national currency and its equivalent in value. It will have a centralized issuer, which will monitor the issue and circulation of the new electronic currency. Probably, it will become the Central Bank of the country. Transactions will be carried out directly, without intermediaries.

At the moment, the government has proposed a "bill on economic mechanisms." If the bill is adopted, a special department will be created in the Bank of Israel, which will deal with the issue of creating a new crypto currency.

Source: bits.media