Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI

← Back to NewsDesk

AI summary of a third-party reportNeutralNewsDesk

Netanyahu says he has asked for blockchain plan to counter possible banking sanctions

Israel's prime minister told Channel 10 he wants an alternative economy in case US defence aid and banking access are cut, four days before the country votes.

Why it matters: Netanyahu's remarks put a major US ally's leader openly exploring crypto as a sanctions workaround, a use case regulators have long associated with pariah states.

InvestIn.News NewsDesk · 1 min read
Share
Picture from Decrypt for: Netanyahu says he has asked for blockchain plan to counter possible banking sanctions
Image: Decrypt
Original reporting: Jose Antonio Lanz, Decrypt

Key points

  • Netanyahu said on Channel 10 he has "already asked for a plan" using blockchain as one way around possible banking sanctions.
  • He said US defence aid, currently $3.8bn a year, will end and the deal expires in September 2028.
  • Elliptic says Russia's ruble token A7A5 moved about $102bn in its first year before sanctions and a hack cut daily volume by 96%.

The prime minister said he expects US defence aid to end, calling it "only a question of time", and told Israelis to prepare for a world without tens of billions of dollars in American military assistance.

Asked whether crypto could offer a route around restrictions, Netanyahu said blockchain is "one of the alternatives" and that he has already requested a plan.

Decrypt reports that Venezuela, Iran, Russia and North Korea have all used crypto to move funds outside US reach.

The article notes that blockchains are public and traceable, and that Tether can freeze USDT wallets.

What to watch: Israelis vote in the national election on 27 October, and the current US military aid agreement expires in September 2028.

Read the full story on Decrypt

Live updates on NewsFeeds:RegulationDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

← Back to NewsDesk