Netanyahu floats use of blockchain as solution to potential financial sanctions
Summary
Prime Minister Benjamin Netanyahu said Israel is exploring blockchain and cryptocurrency to counter potential banking sanctions, calling blockchain a national strategic tool. The proposal drew criticism from opposition figures, rally attendees and the Bank of Israel, which said crypto cannot bypass sanctions. Analysts and industry representatives argued that digital assets cannot replace national financial systems and can be traced, restricted and blocked at fiat gateways. The debate has emerged during Israel’s election campaign amid possible sanctions related to West Bank settlements.
