Digital shekel must avoid arbitrage, public says

The Bank of Israel published the results of its public consultation on the digital shekel, saying respondents warned there was a risk of arbitrage if the digital currency is interest-bearing. 

The survey also found people prioritised financial inclusion and advocated for high standards of cryptographic security. 

Most of the 33 respondents were from the fintech sector or private individuals. Respondents from the payments sector, government, academic institutions and financial entities also

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