Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel
4 outlets · first seen 4d ago · latest 1d ago
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Decryptfirst seen
Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel
Days before Israel’s election, Netanyahu said he has asked for a blockchain plan in case banks are hit with sanctions, and told Israelis to prepare for a rainy day after Trump.
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Cointelegraph.com News
Netanyahu floats use of blockchain as solution to potential financial sanctions
Ahead of elections, Prime Minister Benjamin Netanyahu said Israel could turn to blockchain and crypto to skirt potential international sanctions, to the dismay of opponents and the country’s central banker.
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Blockonomi
Bank of Israel Rejects Netanyahu Blockchain Sanctions Plan Bid
TLDR: Blockchain sanctions plan drew a direct rebuke from the Bank of Israel, which said cryptocurrencies cannot bypass sanctions and urged leaders to preserve trade ties. Netanyahu said he had asked advisers to prepare a proposal before the October 27 election, but gave no details about currencies, networks, or an implementation timetable. Eisenkot and more than 100 economists criticized the…
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Bitcoin News
Bank of Israel Rejects Netanyahu’s Crypto Sanction-Evasion Plan
The institution stressed that instead of seeking alternatives to bypass possible international sanctions against the nation, Israel should focus on preventing these from happening and affecting the country’s economy. Netanyahu said there were other alternatives to crypto to achieve the same objective. Bank of Israel Rejects Netanyahu’s Proposal To Use Crypto To Skirt Sanctions The […]
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Decrypt
Israel's Central Bank Rebukes Netanyahu Plan to Use Crypto to Dodge Sanctions
Over 100 economists, including former governor Jacob Frenkel, warned of deeper isolation ahead of Israel's October 27 national election.