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Bank of Israel rejects Netanyahu’s claim crypto could help evade financial sanctions

🇬🇧 United Kingdom · Economy · 2 d ago
3
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3
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25.10 07:10 UTC
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Netanyahu says Israel is charting a crypto‑based backup plan in case banking sanctions hit and US defence aid shrinks, sparking a clash with the central bank and economists.
In a televised interview with Channel 10, Prime Minister Benjamin Netanyahu warned that Israel could soon confront banking sanctions from foreign regulators.
Independent sources: 2 · NewsHub.co.uk, The Jewish Chronicle
Cryptocurrencies cannot circumvent sanctions: Bank of Israel responds to Netanyahu
Independent sources: 2 · Middle East Monitor, The Jewish Chronicle
The bank said cryptocurrencies “cannot be used as a route for bypassing sanctions,” according to the broadcaster.
Independent sources: 2 · Middle East Monitor, The Jewish Chronicle
“The right thing for Israel’s economy is preserving the economic relationships with our principal trade partners and focusing on preventing sanctions and their negative influence on the economy,” said the bank.
Independent sources: 2 · Middle East Monitor, The Jewish Chronicle
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