TIMES OF ISRAEL · 2026-10-24 19:00 UTC

Bank of Israel, opposition heads pan PM's proposal to use crypto to evade sanctions

Bank of Israel rejected PM Netanyahu's proposal to use cryptocurrency to circumvent potential international sanctions, stating crypto 'cannot be used as a route for bypassing sanctions.' Netanyahu suggested Israel should prepare for banking sanctions by utilizing crypto and blockchain technology, prompting criticism from opposition leaders Gadi Eisenkot and Naftali Bennett who warned it would damage the Israeli economy.

Loading the story on Tree News…