Cryptocurrencies are becoming more and more mainstream across Israel.
State-sponsored virtual currency ‘Crypto-Shekel’ may soon see the light of the day.
Finance Ministry and the Bank of Israel are evaluating the idea.
Black market activity in Israel is estimated to comprise about 22% of GDP.
Rolled out a state-sponsored virtual currency lowering the number of these cash transactions in the nation, while cracking down on tax evasion and money laundering.