Israeli Research Group Recommends Against CBDCsIsraeli Research Group Recommends Against CBDCs
By Sheevika Senanayake - November 7, 2018

An Israeli research group studying cryptocurrencies have recommended against the Central Bank issuing its own token. The group was set up in November 2017 by the governor of the Bank of Israel  to provide a recommendation on “the issue of central bank digital currencies (CBDCs). The research has concluded that “it is necessary to continue examining the field and to follow developments around the world before there are proper grounds for a decision to recommend issuing a digital currency”.