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On February 14, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference and delivered a speech and answered questions at the "China Session." When asked about Chinas role in resolving regional conflicts, particularly the Ukraine issue, Wang Yi stated that Chinas position is clear: all regional hotspots should seek political solutions through dialogue and consultation, and the same applies to the Ukraine issue. However, China is not a party to the conflict, and the decision-making power is not in Chinas hands. What we can do is to promote peace talks. We have dispatched special envoys to mediate and, through various channels, emphasized to all parties that a ceasefire should be implemented as soon as possible, and that everyone should return to the negotiating table.On February 14, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, attended the Munich Security Conference, delivered a speech at the "China Session," and answered questions from the audience. Wang Yi emphasized that the erroneous remarks by Japanese leaders on the Taiwan issue exposed Japans undying ambition to invade and colonize Taiwan and the lingering specter of reviving militarism. Japan launched its invasion of China and attacked Pearl Harbor under the pretext of a so-called "crisis and existential crisis." The lessons of history are still fresh and must be heeded. If Japan does not repent, it will inevitably repeat the same mistakes. Good people should be vigilant. First and foremost, the Japanese people must be reminded not to be blinded and coerced by far-right forces and extremist ideologies again. All peace-loving countries should also warn Japan: if it chooses to go back to its old ways, it will only lead to its own destruction.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We and our partners will use all policy tools at our disposal to continue to hold Russia accountable.Joint statement from the UK, Switzerland, France, Germany, and the Netherlands: We further express our concern that Russia has not destroyed all of its chemical weapons.The United Kingdom, Sweden, France, Germany, and the Netherlands issued a joint statement regarding the death of Alexei Navalny.

Bank of Israel Has Gained Support, Although It Remains Skeptical of the Digital Shekel

Skylar Shaw

May 10, 2022 10:07

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The Bank of Israel has continued to investigate the possibility of establishing a CBDC.


In November of last year, the Bank increased its research and development efforts.


Despite widespread support for establishing a CBDC, the Bank has yet to make any final decisions.


Over the previous year, as global economies have shown increased interest in CBDCs, Israel's Central Bank has received encouraging feedback from residents. The financial institution's stance on issuing one, however, remains uncertain.

Perhaps CBDCs to The Rescue?

Israel's Central Bank said on Monday that it has received popular backing for its plans to establish a digital shekel. Citizens feel that creating a central bank digital currency (CBDC) will benefit the economy by boosting payments system innovation, lowering the quantity of cash in circulation, and strengthening the fintech industry.


In November of last year, the Bank expanded its research and preparation activities in anticipation of the probable release of a digital shekel. After pondering launching a central bank digital currency in late 2017, it pushed its research to establish a more efficient payments system.


Furthermore, financial institutions said in March that a digital shekel would not materially degrade the banking system's commercial performance. Finally, the Bank urged the public to assess the benefits and drawbacks of establishing a CBDC.


The Bank of Israel said on May 10 that it had received 33 submissions from different industries, half of which were from overseas, and roughly 17 from the fintech industry.

The Bank of Israel Is Still Suspicious

Israeli citizens feel that a CBDC might help the economy thrive by fostering payment system innovation and lowering the quantity of cash in circulation.

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