The Israel Central Bank plans to issue the state crypto money. The new currency will be linked to the price of the shekel and will become an alternative to the paper currency notes. The introduction of the digital shekel is designed for making money transactions more transparent and simplifying the control over the tax payment. The national cryptocurrency will not be mined, and to avoid inflation its emission will be controlled by the Central Bank. At this stage, the introduction of state crypto money in Israel is at the study and development stage, and for its complete implementation and use it is necessary to adopt a number of legal norms and rules.
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