COINTELEGRAPH · 2026-10-25 11:41 UTC

Netanyahu floats use of blockchain as solution to potential financial sanctions

Israeli PM Netanyahu said Friday that Israel is exploring blockchain and cryptocurrency to circumvent potential international financial sanctions. Netanyahu called blockchain a 'national strategic tool,' marking a shift in government stance on crypto from investment to economic defense. The Bank of Israel, opposition candidates, and media critics quickly rejected the proposal, arguing cryptocurrencies cannot effectively bypass sanctions and pose security risks.

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