ChainCatcher news, the DAG payment network COTI announced that it will participate in the Central Bank of Israel's CBDC project alongside giants like PayPal and Fireblocks.

ChainCatcher news, Israel's central bank deputy governor Andrew Abir stated in an interview with Reuters that the Bank of Israel will not decide whether to launch a central bank digital currency (CBDC) before the European Central Bank makes a decision.Andrew Abir said, "We are all waiting for the first Western central bank to take action, which will almost certainly be the European Central Bank. Then you might see a wave of countries following suit."

ChainCatcher news, the Bank of Israel today released regulatory principles for stablecoins, outlining the central bank's recommendations regarding the regulation of cryptocurrencies pegged to the value of the dollar and other assets.The document states that the goal of the proposed regulations is to allow the use of stablecoins in the country while managing the inherent risks associated with their use. The central bank suggests requiring stablecoin issuers to maintain reserves that match the amount of circulating cryptocurrencies.It is reported that the proposed rules will be open for public consultation until March 15, after which the central bank will make necessary amendments and recommend legislation to the legislative body. (Source link)