Israel central bank examines the potential of digital currency for faster payments

The government is said to include the issue in its 2019 budget and economic package if the central bank gives the green light, according to Reuters.

The emergence of cryptocurrencies has led some economists to predict the technology could be used one day across entire economies, with digital currencies created by central banks. Any digital currency introduced by the Israel’s central bank is expected to be centralised and abide by money laundering rules - in contrast with other cryptocurrencies.