Israeli Prime Minister Benjamin Netanyahu said Israel is exploring blockchain and cryptocurrencies to get around potential banking sanctions. He did not announce a policy, and the sanctions described in the report target goods from West Bank settlements, not Israel’s wider economy. Economists and industry figures said those measures could extend further.
The Bank of Israel rejected Netanyahu’s proposal, saying cryptocurrencies cannot be used to bypass sanctions. CryptoJungle founder Ben Samocha also said Israel’s economy could not use crypto to get around sanctions.
