Crypto-Shekel’ may soon see the light of the day in Israel.

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.

 

State-backed cryptocurrencies are gaining grounds across the globe.

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