Bank of Israel Strikes Fear in Bitcoin Users

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JOL: One Bitcoin equals 41,012 Shekels or $11,896 dollars.

The Bank of Israel, the Israel Services Authority and a number of other economic institutions in Israel are warning against the use and purchase of the popular virtual coin known as Bitcoin, as well as similar virtual currencies. The reason that the authorities warn against the use of the virtual coins: heighten chances of money laundering, tax evasion, theft and even their use for the funding of terror groups.

Following a joint meeting with senior members of the Israeli economy, which was initiated by the governor of the Central Bank of Israel, Dr. Karnit Flug, an announcement was released in which the economic experts warned the public of the potential dangers of using and purchasing the viral currency known as Bitcoin because it is not under the control and regulation of any central bank or government. more …

Opinion: We have been saying that for 3 years. The major central bankers are not likely to give up control of money. Want proof, the global market is on pins and needles waiting to see what Fed chief Jerome Powell will say about the direction of interest rates during Congressional testimony today.

Since 2014, discussions of a publicly accessible digital payment vehicle issued by a central bank have matured significantly. Central bank digital currencies (CBDCs) have been the center of many high-level discussions, notably at the Bank for International Settlements (BIS) and the International Monetary Fund (IMF). source

In 2018 China vowed to stamp Bitcoin out of existence. JP Morgan chief Jamie Diamon who called Bitcoin a fraud in 2017, announced in 2019 that JPM has become the first bank with its own ‘stablecoin’. In June 2019 Facebook announced its own digital coin Libra.

Digital currency is the only way for a future authoritarian government to have control of every transaction on the planet. And only a government owned/regulated coin will eliminate money laundering, tax evasion, theft and funding for terror groups.

And so far, only digital currency lines up perfectly with Revelation 13:16-17.

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”

P.S.: The BIS is the bank for central banks.