Israel’s central bank issues rare rebuke of Netanyahu’s sanctions comments
Israeli prime minister Benjamin Netanyahu suggested that the country use cryptocurrency to help establish an 'alternative economy' to withstand possible sanctions.
Israeli central bank issues rare rebuke of Netanyahu's sanctions comments, stating that cryptocurrencies cannot be used to bypass sanctions. The remarks from Netanyahu about possible banking sanctions, in response to US pressure, have already drawn criticism from his political rivals, with some viewing them as an admission of rising harmful consequences for Israel's economy.
The Bank of Israel emphasized in its statement that preserving economic relations with main trading partners and focusing on preventing sanctions is crucial for the country's well-being. In Netanyahu's interview with Channel 10, he acknowledged the increasing pressure from the US but insisted on preparing an alternative economy using blockchain technology to withstand potential sanctions.
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