Israel postpones CBDC launch
After successful pilots and collaboration with the Bank of International Settlements, BOI Deputy Governor Andrew Abir said it was waiting for a major Western central bank to launch before implementing Israel's CBDC.
Latest Israel News
Israel’s digital shekel challenge targets innovative CBDC applications
The Bank of Israel launched the challenge to explore the feasibility of issuing a digital shekel, inspired by the Bank for International Settlements and Bank of England’s Project Rosalind.
Digital shekel will compete with banks for deposits, payments: Bank of Israel
A digital shekel will force commercial lenders to up their game and offer better and cheaper services, according to the deputy governor of the Bank of Israel.
Israel completes blockchain-based bond tokenization pilot
The Israeli Ministry of Finance recently published a report on Project Eden, which listed efficiency, transparency, and enhanced security as benefits of blockchain.
Israel proposes for digital shekel to bear interest
The Bank of Israel published a CBDC paper, which outlines a system in which CBDC wallets aren’t linked to banks and users can use a variety of PSPs.
AI innovation in the Middle East can match EU, North America, analysts say
While the Middle East is the leader in oil reserves, experts believe it will resort to a "follow the leader" approach to artificial intelligence, as the region faces multiple hurdles that stand in the way of innovation.
Justin Sun’s Tron terror ties deepen as US puts USD stablecoins in its sights
Reuters recently published an update on Tron's growing popularity with Islamic terror groups, to the point that it has eclipsed BTC as the chain of choice for Iranian-backed groups.
Terror ties lead Congress to demand ‘swift action’ against Binance, Tether
As charges are being mulled, U.S. politicians argue that while 'crypto' remains a small part of the overall financing, terrorists now know how they can leverage this to spread their ideology.
US Treasury cracks down on coin mixing
The move was announced by the Financial Crimes Enforcement Network, identifying coin mixing operations as “a class of transactions of primary money laundering concern.”
US lawmakers urge White House to stamp out digital asset terrorist financing
A bipartisan group of U.S. lawmakers wrote to the Treasury Department and the National Security Council, calling for the Biden Administration to crackdown on digital asset financing of terrorism.
Coinbase frets as US pols seek new weapons to fight ‘crypto’ terror financing
Digital asset exchange Coinbase issued a blog post on October 17 emphasizing its commitment to “rooting out bad actors seeking to use crypto for illicit purposes.”
Binance’s terror ties grow, trading volume shrinks, US dollars disappear
Binance downplays reports of customer accounts linked to terror groups, but figures unveiled in a new report say otherwise, with Israel probing around 200 more suspected accounts.