TIMES OF ISRAEL · 2026-10-25 13:09 UTC

Top economists 'gravely concerned' at Netanyahu touting crypto to beat sanctions

Prime Minister Netanyahu proposed Israel prepare for potential banking sanctions by using cryptocurrencies to circumvent them. 109 senior Israeli economists and business leaders warned this would lead to international isolation, economic collapse, unemployment surge, and inability to access international services. The Bank of Israel also rejected the proposal, stating cryptocurrencies cannot bypass sanctions.

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