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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 backed by Benjamin Netanyahu to use cryptocurrency as a means of circumventing international sanctions, according to the Financial Times. The episode highlights tension between the government and the country's central bank over financial policy, with the watchdog refusing to endorse digital-asset workarounds that would put Israel at odds with international financial rules.
Why now: The clash between a sitting prime minister and the central bank over sanctions evasion is unusual and politically sensitive.
Bank of IsraelBenjamin NetanyahuFinancial Times
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- Israeli central bank rejects Netanyahu's plan to use crypto to evade sanctions · JumpCrisscross · 10
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