Israel Central Bank Refuses to Recognize Bitcoin as a Currency

By Samburaj Das Jan 9, 2018 5:21 AM EST

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Israel’s central bank has said it will not recognize cryptocurrencies like bitcoin as a currency nor a foreign currency as it does “not fit the legal definition” nor “fill the main functions of currency.” In a speech on Monday, Bank of Israel deputy governor Nadine Baudot-Trajtenberg revealed the central bank’s official position on the recognition

The post Israel Central Bank Refuses to Recognize Bitcoin as a Currency appeared first on CCN

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