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Bank of Israel rejects Netanyahu crypto sanctions-evasion proposal
Original: Bank of Israel, opposition heads pan Netanyahu’s proposal to use crypto to evade sanctions
Benjamin Netanyahu has floated a proposal to use cryptocurrency to evade international sanctions, drawing sharp criticism from the Bank of Israel and opposition leaders, who warn the plan could damage the country's financial credibility. The central bank and political rivals have publicly panned the idea, highlighting concern over Israel's standing in global finance.
Why now: A sitting prime minister's suggestion to circumvent sanctions with crypto has provoked an unusual public rebuke from the central bank and opposition.
Benjamin NetanyahuBank of IsraelIsrael
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Evidence
- Bank of Israel, opposition heads pan Netanyahu’s proposal to use crypto to evade sanctions · The Times of Israel
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