Israel's Decision on Digital Shekel Hinges on EU's Digital Euro Progress

Wednesday, 10 July 2024, 12:06
The post delves into the delay in Israel's decision on the Digital Shekel pending the EU's stance on the Digital Euro. By May 2024, 134 countries or jurisdictions, accounting for 98% of global GDP, were in the process of exploring a Central Bank Digital Currency (CBDC). The outcome of the EU's move on the Digital Euro plays a crucial role in Israel's strategic move towards the Digital Shekel.
CoinDesk
Israel's Decision on Digital Shekel Hinges on EU's Digital Euro Progress

The Delay in Israel's Digital Shekel Decision

Israel is holding off on its decision regarding the Digital Shekel as it awaits the EU's verdict on the Digital Euro.

Global Landscape on CBDC Exploration

  • 134 countries or jurisdictions are currently exploring CBDCs.
  • This represents 98% of global GDP.

The potential approval of the Digital Euro is a pivotal factor impacting Israel's course of action towards the Digital Shekel.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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