Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel
Summary
Benjamin Netanyahu said he has commissioned a plan to explore using blockchain and cryptocurrency to help Israel withstand possible banking sanctions and reduce dependence on U.S. support. He gave no details on the plan’s authors, networks or timeline. The proposal comes amid concerns that sanctions tied to Israeli settlement policy could spread more broadly. The piece notes that crypto is not a reliable sanctions shield: transactions are traceable, and stablecoin issuer Tether can freeze wallets. Israel has also sanctioned crypto wallets it says were linked to Iran’s Revolutionary Guards. The current U.S. military aid agreement expires in 2028.
