Bank of Israel deputy governor advocates for digital currency

Cryptopolitan

Bank of Israel deputy governor advocates for digital currency

The deputy governor of the Bank of Israel, Andrew Abir, has initiated mixed reactions after his recent views on central bank digital currency (CBDC). Though the effects of CBDC on commercial banks have usually been perceived as a threat, Abir in a speech posted on the central bank’s site, viewed CBDC differently. Competition driving innovation in Israeli banking sector Competition in the Israeli banking sector, which has resulted from over a dec…