Israel’s Mossad Seeks to Hire a Cryptocurrency Expert

Mossad, Israel’s national intelligence agency, has published a job listing on its official website where it shows the intentions to hire an expert in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. In fact, the role requires that the candidate should have at least three years of experience in the fintech sphere and possess “in-depth technological understanding and expertise in the world of fintech, e-commerce, DEF and digital currencies.”

However, the intelligence agency did not specify in the job ad other tasks that it evolves, nor the objectives they sought with the hiring. The name of the job listing is “A technological leader in the field of fintech.” Ynet, a local media outlet, suggested that Mossad is reportedly interested in using cryptos to arrange Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term to its agents or purchase equipment for the agency.

The cryptocurrency’s topic has been a hot potato in Israel, as it has been reported that Hamas, classified as a terrorist organization by several countries, is reportedly circumventing economic isolation by using cryptos such as Bitcoin (BTC) to seek funding.

Cryptos and Hamas Funding

In fact, Benny Ganz, Israel’s defence minister, signed an order to seize crypto accounts linked to Hamas’ members. However, it is not known officially as of press time if the new role sought by Mossad is tied to Israel’s efforts in taking down such accounts belonging to Hamas.

Additionally, the manoeuvre comes in parallel with the plans of Israel to accelerate the deployment of the digital shekel, its central bank digital currency (CBDC). In May, the monetary regulator announced that it is accelerating its preparations for the potential launch of digital fiat.

However, the Israeli Central Bank stressed that it has no confirmed plans to launch a digital shekel at a specific date. That said, the regulator was only hinting at preparing an action plan, which will ensure its preparedness to launch a CBDC if the situation arrives. The primary focus of it would be to assess the benefits and risks of such a digital fiat, as its impact could be enormous on the existing monetary system.