In a tale of two digital currencies, Israel’s Bank of Israel won’t be making any hasty decisions on launching a digital shekel until they see what the European Union does with their digital euro. Deputy Governor Andrew Abir spilled the beans to Reuters, emphasizing that Israel would be cautiously eyeing the EU’s move before taking any leaps of faith in the digital currency arena.
It seems like Israel is playing it cool, waiting for the EU to make the first move in the digital currency game, opting for a watch-and-see approach rather than diving headfirst into the deep end. With the EU’s decision on the digital euro looming large, Israel seems content to bide their time and observe how the situation unfolds across the pond.
So, if you were hoping to see a digital shekel hit the market anytime soon, you might have to hold your horses and keep an eye out for the EU’s verdict on the digital euro first. After all, patience is a virtue in the world of digital currencies, and Israel seems to be playing their cards right by waiting for the right moment to make their move.
