DECRYPT · 2026-10-26 11:34 UTC

Israel's Central Bank Rebukes Netanyahu Plan to Use Crypto to Dodge Sanctions

Israel's central bank publicly rejected Netanyahu's proposal to use cryptocurrency to circumvent potential international sanctions, stating crypto cannot serve this purpose. Netanyahu had suggested blockchain networks as an alternative to banking sanctions, but over 100 economists and Nobel laureates signed a letter warning the plan would cause unemployment and foreign investment collapse. Opposition leaders called the idea 'madness,' while experts noted sanctions cannot be circumvented via blockchain due to its transparent and traceable nature.

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