Prime Minister Benjamin Netanyahu said Israel needed to prepare an alternative economic system to avoid potential banking sanctions, naming cryptocurrencies as one possible tool. He said he was already working on the issue, but did not announce a completed system.
Israel’s central bank said cryptocurrencies “cannot serve as a means to circumvent sanctions imposed on Israel” and urged leaders to focus on preventing restrictions. Opposition politicians and a Tel Aviv University economist warned that the proposal could deepen Israel’s international isolation.
