Netanyahu Floats Blockchain as a Sanctions Workaround; Israel’s Central Bank Objects

Israeli Prime Minister Benjamin Netanyahu said in a Channel 10 interview on Friday, Oct. 23, that Israel has to get ready for possible sanctions, including on its banks, by building an economy able to work around them. Asked whether blockchain is the alternative, he said it is one option and that he has already asked for a plan. Since then, the idea has drawn objections from the Bank of Israel , a letter signed by more than 100 economists, and Netanyahu’s main challengers, with Israelis heading to the polls on Tuesday, Oct. 27 . Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter .

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