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Israeli central bank rejects Netanyahu's crypto sanctions plan
Original: Israeli central bank rejects Benjamin Netanyahu’s plan to use crypto to evade sanctions
The Bank of Israel has rejected a proposal by Benjamin Netanyahu to use cryptocurrency as a means of evading sanctions, according to the Financial Times. The rejection stops the plan at the institutional level, with the central bank refusing to endorse crypto-based workarounds, and the decision is drawing attention to tensions between the government and the country's monetary authorities.
Why now: A direct clash between the prime minister and the central bank over sanctions and cryptocurrency is unusual and politically charged.
Bank of IsraelBenjamin NetanyahuFinancial Times
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Evidence
- Israeli central bank rejects Benjamin Netanyahu’s plan to use crypto to evade sanctions · Financial Times
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