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Netanyahu's Controversial Blockchain Proposal Faces Backlash from Israel's Central Bank Amid Sanctions Concerns

Netanyahu's Controversial Blockchain Proposal Faces Backlash from Israel's Central Bank Amid Sanctions Concerns

Bank of Israel Rejects Netanyahu’s Crypto Sanctions Proposal
Bank of Israel Rejects Netanyahu’s Crypto Sanctions Proposal

The Bank of Israel rejects Netanyahu’s crypto sanctions proposal as opposition leaders and economists warn of risks to Israel’s economy.

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

Over 100 economists, including former governor Jacob Frenkel, warned of deeper isolation ahead of Israel's October 27 national election.

Netanyahu Suggests Blockchain Could Help With Financial Sanctions
Netanyahu Suggests Blockchain Could Help With Financial Sanctions

Israel’s election campaign has spilled into crypto policy after Prime Minister Benjamin Netanyahu suggested the country could lean on blockchain and cryptocurrencies to withstand the economic...

Netanyahu Suggests Blockchain to Mitigate Financial Sanctions Risk
Netanyahu Suggests Blockchain to Mitigate Financial Sanctions Risk

Israel’s election campaign has taken an unexpected turn as Prime Minister Benjamin Netanyahu argued that blockchain and cryptocurrencies could help the country withstand potential international...

Netanyahu floats use of blockchain as solution to potential financial sanctions
Netanyahu floats use of blockchain as solution to potential financial sanctions

Ahead of elections, Prime Minister Benjamin Netanyahu said Israel could turn to blockchain and crypto to skirt potential international sanctions, to the dismay of opponents and the country’s...

Netanyahu is ready to give up the foundations that held the economy together while he handed out money
Netanyahu is ready to give up the foundations that held the economy together while he handed out money

Netanyahu speaks of a sanctions "bypass economy" built on blockchain. But Israel’s economy did not survive fifteen years of fiscal populism thanks to digital currencies. It survived thanks to...

"Immense and irreversible damage": Economists warn Netanyahu over sanctions remarks
"Immense and irreversible damage": Economists warn Netanyahu over sanctions remarks

A letter signed by more than 100 economists, business leaders and former officials warns that banking sanctions could paralyze Israeli businesses, drive away investment and undermine the country’s...

"Highly dangerous for Israel": Netanyahu’s crypto plan draws fierce backlash
"Highly dangerous for Israel": Netanyahu’s crypto plan draws fierce backlash

The prime minister’s call to prepare an alternative economy has alarmed high-tech leaders, even as advisers close to him argue that contingency planning for possible sanctions is necessary.

Israel cannot buy F-35s or build a modern economy with crypto
Israel cannot buy F-35s or build a modern economy with crypto

Netanyahu’s plan for an alternative economy overlooks the country’s dependence on international finance, advanced technology and foreign suppliers. The sanctions imposed on Lebanese energy company...

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