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Israel is looking to launch a national cryptocurrency

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Israel might be launching its own private Bitcoin in a few years. 

The Bank of Israel is looking to issue a digital currency to create a faster payments system as well as reduce the country’s reliance on cash, according to an anonymous source that spoke to Reuters. However, the project has not been finalized yet. 

If the central bank gives the project a green light, the country’s government is ready to include it in its 2019 budget. 

This national cryptocurrency would be very different from Bitcoin, however. Reuters’ source claims it would be centralized, safe and in accordance with Israel’s money laundering rules. Bitcoin, in contrast, is decentralized and anonymous.  Read more…

More about Israel, Bitcoin, Cryptocurrency, Tech, and Politics
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About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

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