The official said he is not optimistic about an Israeli CBDC being launched.
The central bank is to focus more effort on CBDCs as a potential benefit to payments and the digital economy.
The deputy governor of Israel's central bank has said that digital currencies like bitcoin are more of a financial asset than a currency.
The IRS has opened the door for Israel to become the epicentre of digital currency innovation, argues Michael Eisenberg.
The Bank of Israel (BoI) and the Israeli Ministry of Finance have issued a joint statement on digital currencies.
Israel isn't ignoring bitcoin, it is simply waiting to see what the rest of the world does first.