Scenarios that could influence a decision to issue a digital shekel include a decision by the U.S. or the European Union to issue CBDCs. A decline in cash usage, significant use of stablecoins, competition in the domestic payment system, and significant technological developments in payments systems could also sway the central bank’s decision to issue one.
Related posts
-
$3M Bitcoin Forecast: Vaneck’s Model Sees Central Bank BTC Adoption
Bitcoin could reach $3 million, according to asset manager... -
Pakistan proposes new crypto framework to central bank rules
The State Bank of Pakistan has proposed a legal framework to recognize digital assets, including cryptocurrency,... -
Digital Asset Inflows Reach Record High With US Elections on the Horizon
The year-to-date inflows for digital assets hit a new...