FT · 2026-10-24 19:19 UTC

Israel central bank rejects Netanyahu's plan to use crypto to evade sanctions

Netanyahu proposed using cryptocurrencies to help Israel evade potential international sanctions, prompting sharp rebuke from the central bank and opposition politicians. Israel's central bank stated cryptocurrencies cannot circumvent sanctions and urged leadership to focus on preserving economic relations with trading partners. Opposition leaders warned Netanyahu's proposal would turn Israel into an economic pariah, comparing it to sanctions-hit countries like Iran, Russia, and Venezuela.

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