Yoav is not only the adviser to the deputy governor at the Bank of Israel. He is also the CBDC project manager at the central bank of Israel.
He joins Banking4.0 to discuss in a keynote speech the important decisions central banks face in using cross-border CBDCs. He explores how the bank is engaging with international payments landscapes and learnings from the Icebreaker project, key challenges under existing funds transfer systems and how Israel is approaching digital currencies.
The Project Icebreaker is a joint experiment between the central banks of Israel, Norway and Sweden and the Bank for International Settlements that looks into how central bank digital currencies can be used to enable immediate international retail and remittance payments. The project sees participants connect their domestic proof-of-concept systems to test interoperability, alongside design and policy choices, to implement cross-border functionalities.