With Israel’s Finance Ministry and the Bank of Israel considering issuing a state-sponsored digital currency, the focus of the BitCoen project is to fill this important role in the cryptocurrency ecosystem. The main objectives of this initiative of the Israeli government are to reduce black market activity, which comprises an estimated 22% of the country’s GDP, and to reduce paper cash, which is largely used to facilitate untaxed transactions. Thus, Israel joins Russia in the Read More The post Kosher Crypto BitCoen Is Setting a Course for Israel appeared first on Bitcoinist.com.



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