- A + A (June 16): The Bank of Israel is working with the Hong Kong Monetary Authority on a trial which will test a new digital currency, including against cyber security risks, the Bank of Israel said. The joint project, which will start in the third quarter, will use a two-tier Central Bank digital currency (CBDC), it said in a statement. It will be issued by the Central Bank and then distributed by financial intermediaries like banks. In fits and starts, Israel is coming around to explore the idea of a CBDC after shelving its initial effort in 2018,...