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Israeli central bank rejects Netanyahu's crypto sanctions plan
Original: Israeli central bank rejects Netanyahu's plan to use crypto to evade sanctions
The Bank of Israel has rejected a proposal by Prime Minister Benjamin Netanyahu to use cryptocurrency as a way to bypass international sanctions. The central bank's refusal blocks the plan, and the reported clash between the prime minister's office and the country's monetary authority is drawing attention given the legal and diplomatic stakes of sanctions evasion.
Why now: The reported conflict between Israel's prime minister and its central bank over using crypto to dodge sanctions is unusual and politically sensitive.
Benjamin NetanyahuBank of IsraelIsrael
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Evidence
- Israeli central bank rejects Netanyahu's plan to use crypto to evade sanctions · JumpCrisscross · 10
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