Bank of Israel Rejects Netanyahu’s Proposal to Use Crypto to Evade Potential International Financial Sanctions According to the Financial Times, the Bank of Israel publicly rejected Prime Minister Benjamin Netanyahu’s proposal to use cryptocurrencies to circumvent potential…
ternational financial sanctions. On October 24, the central bank stated that crypto could not serve as a means of bypassing sanctions, urging the government to preserve economic ties with major trading partners and prevent further restrictions
In an October 23 television interview, Netanyahu warned that Israel could face international banking sanctions and said he had requested plans exploring alternative financial systems, including blockchain and cryptocurrencies. — link