Netanyahu proposes crypto as a way to bypass potential sanctions on Israel
Israeli Prime Minister Benjamin Netanyahu said the country should prepare to use cryptocurrency to circumvent potential economic sanctions. He made the remarks two days before the general election, amid Israel’s growing international isolation.
Image: aljazeera.com · Author: Al Jazeera Staff · source articleEditorial excerpt for news reporting
Israeli Prime Minister Benjamin Netanyahu proposed considering cryptocurrency as a way to bypass potential economic sanctions against the country. He said Israel should prepare for that possibility.
Netanyahu said blockchain-based cryptocurrency could help circumvent sanctions that, in his account, might exclude Israel from the international financial system.
The remarks came on Friday, two days before the general election. The source links the proposal to Israel’s growing international isolation over the war in Gaza and settlement expansions in the occupied West Bank.
The source also says there are few prospective buyers, but gives no details about who they are or how cryptocurrency would be used in practice.
What we know
- Netanyahu urged Israel to prepare to use cryptocurrency to circumvent potential sanctions.
- The prime minister described blockchain-based cryptocurrency as a possible way to avoid exclusion from the international financial system.
- He made the remarks on Friday, two days before the general election.
- The source links Israel’s isolation to the war in Gaza and settlement expansions in the occupied West Bank.
- The source says there are few prospective buyers.
Trust: Single source
- The story relies on one publisher. A second independent confirmation has not been established from the cited sources.
- Sources: Al Jazeera English.
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