Netanyahu Wants Crypto to Beat Sanctions, and Israel’s Central Bank Says No

TLDR Prime Minister Benjamin Netanyahu said Israel should prepare for possible banking sanctions, with crypto and blockchain as one option. The Bank of Israel said cryptocurrencies “cannot be used as a route for bypassing sanctions.” Opposition leaders Gadi Eisenkot, Naftali Bennett and Avigdor Liberman criticized the idea three days before elections. Bank and market figures told Israel Hayom they fear a sell-off when the Tel Aviv Stock Exchange reopens Monday. One bank executive said there is no sign of such a sanctions threat and hoped the remarks were election talk. Prime Minister Benjamin Netanyahu said Israel should prepare for possible banking sanctions . He said crypto and blockchain could be one way to deal with them.

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