Tag: Bank of Israel

The Bank of Israel has announced an open challenge to develop innovative use cases for its proposed central bank digital currency (CBDC), the digital shekel. This initiative, tagged the "Digital Shekel Challenge," is inspired by the BIS Innovation Center's "Rosalind Project," and is part of the Bank's ongoing efforts to ...

The Bank for International Settlements (BIS) Innovation Hub, the Bank of Israel (BoI), and the Hong Kong Monetary Authority (HKMA) have released a comprehensive report detailing the outcomes of their joint central bank digital currency (CBDC) experiment, known as Project Sela. The report highlighted the success of Project Sela in ...