'Diplomatic and financial isolation': Netanyahu’s crypto plan to bypass sanctions draws rebuke
'Diplomatic and financial isolation': Netanyahu’s crypto plan to bypass sanctions draws rebuke Israeli Prime Minister Benjamin Netanyahu has proposed exploring the use of cryptocurrency to circumvent potential international banking sanctions, as nations around the world continue to debate sanctions against Tel Aviv. Netanyahu proposed the move in an interview with Channel 10’s economic…
Israeli Prime Minister Benjamin Netanyahu has suggested investigating the potential use of cryptocurrency to evade possible international banking sanctions, as global nations discuss sanctions against Israel. Netanyahu made the proposal in an interview with Channel 10’s economic broadcaster, broadcast on Friday, just prior to Israel’s scheduled 27 October parliamentary election.
"We need to prepare methods to bypass banking sanctions via an alternative economic system," Netanyahu stated. "You understand what that implies - the currencies capable of circumventing them. I am actively working on it." When asked if he was referring to cryptocurrency, Netanyahu affirmed: "Absolutely correct." However, Israel’s central bank has criticized the suggestion, asserting that digital currencies cannot substitute economic ties with Israel’s primary trading partners.
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- 'Diplomatic and financial isolation': Netanyahu’s crypto plan to bypass sanctions draws rebuke middleeasteye.net
- 'Of no help whatsoever': Economists, entrepreneurs call out Netanyahu for 'bizarre' crypto plan jpost.com
- Netanyahu explores crypto to bypass potential sanctions investing.com
- Netanyahu rebuked for plan to use crypto to bypass economic sanctions al-monitor.com
- Top economists ‘gravely concerned’ at Netanyahu touting crypto to beat sanctions timesofisrael.com
- BoI slams Netanyahu's crypto plan for evading sanctions en.globes.co.il
- Israel central bank rejects Netanyahu’s plan to use crypto to evade sanctions ft.com
- Netanyahu floats Crypto to bypass sanctions aljazeera.com
