Israel to Issue Digital Currency

Israel intends to create a faster payments system as well as reducing the amount of cash in the economy
25 December 2017   1700

The Bank of Israel is considering issuing digital currency in order to create a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday. The source added that no decision had yet been made and the Bank of Israel declined to comment on the issue.

The Israeli government has been seeking to limit the amount of cash in the economy for a few years since the black economy is estimated at some 22 % of national output.

The source said that the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light. The source added that any digital currency introduced by the country’s central bank would be centralized, safe and abide by money laundering rules.

Recently, we have reported that Israel Securities Authority chief said that cryptocurrency companies should be banned from entering the exchange via a “back door”, or through the activities of an existing company that is already listed on the exchange until a proper regulatory process is in place for dealing with these kinds of companies.

Binance DEX to Launch Trading

Mithril is the first asset, that is trading on new platform; also, the exchange presented the listing rules for assets
25 April 2019   83

Binance DEX announced the start of trading in the Mithril token (MITH) together with Binance Coin (BNB). This is the first asset in the listing site.

At the same time, the exchange presented the listing rules for assets. So, anyone can release a token on the Binance Chain, but listing it to the marketplace takes place in several stages.

First of all, the issuer must place a listing application on the Binance Chain community forum, providing answers to a number of questions relating to the innovativeness of the project, its scope and other characteristics.

After that, the issuer must make a deposit in the amount of 1,000 BNB within two days, which will be returned later. Note that the listing of an asset on Binance DEX must be approved by at least half of the validators.