Bank of Israel: Cryptocurrencies Cannot Circumvent Sanctions — Response to Netanyahu's Proposal
The Bank of Israel stated on Saturday that cryptocurrencies cannot be used to circumvent potential economic sanctions. This statement was a response to an interview with Prime Minister Benjamin Netanyahu, who discussed plans to prepare alternative financial mechanisms, including the use of cryptocurrencies. Opposition leaders Yair Lapid and Yoav Horowitz criticized Netanyahu's remarks, warning of severe economic consequences. The exchange took place three days before the Knesset elections, amid growing debates about the economic impact of Netanyahu's policies and increasing European calls for measures against Israel due to the Gaza war and settlement activities. The Bank of Israel said on Saturday that cryptocurrencies cannot be used to circumvent possible economic sanctions. The statement was a response to an interview by Prime Minister Benjamin Netanyahu, who spoke of plans to prepare alternative financial mechanisms. The opposition criticized the head of government's words three days before the Knesset elections.
Aziz Karimov