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Israeli central bank rejects Netanyahu plan to use crypto to evade sanctions
Original: Israeli central bank rejects Benjamin Netanyahu’s plan to use crypto to evade sanctions
The Bank of Israel has turned down a proposal backed by Prime Minister Benjamin Netanyahu that would have used cryptocurrency to bypass international sanctions. The central bank's rejection blocks an attempt to route payments through digital assets to evade financial restrictions. The decision highlights tensions between the government and Israel's monetary authorities over how far the country should go in working around sanctions regimes.
Why now: A direct clash between Israel's prime minister and its central bank over sanctions evasion is a significant political and financial story.
Benjamin NetanyahuBank of IsraelIsrael
Evidence
- Israeli central bank rejects Benjamin Netanyahu’s plan to use crypto to evade sanctions · Financial Times
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