Netanyahu tells Israelis to brace for sanctions, suggests crypto workaround
Netanyahu tells Israelis to brace for sanctions, suggests crypto workaround Israeli Prime Minister Benjamin Netanyahu has warned that Israel should prepare for international banking sanctions and suggested cryptocurrency could help the country get around them, just four days before the Knesset election. Speaking to Channel 10 on Friday, Netanyahu said Israel needed “an economy that can…
Israeli Prime Minister Benjamin Netanyahu has warned Israeli citizens to prepare for potential international banking sanctions, suggesting that cryptocurrency may offer a workaround, just four days prior to the Knesset election. In an interview with Channel 10 on Friday, Netanyahu stated that Israel requires an "economy that can circumvent" sanctions, adding that he is actively working on such a strategy.
He also mentioned that he has instructed his advisers to draft a plan involving blockchain technology. These comments come in response to Britain and 11 other Western nations imposing sanctions on goods originating from Israeli settlements in the occupied West Bank. These sanctions were imposed due to settler attacks on Palestinians and extensive settlement expansion, which were approved by Netanyahu's government.
Netanyahu acknowledged that the economic situation is beyond Israel's control. Additionally, he stated that substantial US weapons packages will no longer be provided, asserting that "America has changed" and this change is not attributable to Israel.
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