Authorities want to make sure of this completely that a digital currency would have no threats over the economy anyhow. Hong Kong Monetary Authority, the Bank of Israel and the Bank for International Settlements Innovation Hub have come along in a joint CBDC project that is on its way to get launched this year’s third quarter. For the launch of this CBDC, these authorities will have a two-tiered approach. On Friday, the Bank of Israel said that all three major banking institutions will have Central Bank Digital Currency as their main focus, due to which they will have feasibility to...