Israel’s Central Bank to Roll Out Sandbox for CBDC Experiments

The Bank of Israel is launching a sandbox environment for testing CBDC use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications. A sandbox establishes a controlled environment for the evaluation of novel digital technologies, including financial innovations, prior to their broad implementation. This API-driven sandbox will facilitate participation from financial institutions, fintech enterprises, and other relevant stakeholders. Here, they can collaboratively develop and test innovative applications for the digital shekel. Notably, the Bank of Israel intends to make the platform it constructs accessible not only to traditional banks, as is the current practice.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android