Netanyahu seeks blockchain plan to counter possible Israeli financial sanctions

The story so far: Israel blockchain sanctions contingency plan

Israeli media reported that Prime Minister Netanyahu is seeking a blockchain-based plan to counter possible future financial sanctions on Israel. The Bank of Israel says crypto cannot be used to bypass sanctions. Now Israeli industry figures warn the proposal would draw extra scrutiny from overseas exchanges and banks.

1. 23 Oct 202616:15 UTC

   Netanyahu seeks blockchain plan to counter possible Israeli financial sanctions

   Israel's prime minister, Benjamin Netanyahu, is seeking to develop a blockchain-based plan to deal with financial sanctions Israel could face in future, Israeli media reported. The plan's details and implementation have not been disclosed.

   RegulationPANewsAIBullish

2. 24 Oct 202619:53 UTC

   Bank of Israel says crypto cannot be used to bypass sanctions

   The Bank of Israel said cryptocurrency cannot serve as a way to bypass sanctions, arguing the best course is to keep economic ties with major trading partners and avoid sanctions and their economic impact. Officials in Israel's economic ministries said they were not aware of such a plan.

   RegulationOdailyAIBearish

3. 25 Oct 202610:05 UTC

   Eisenkot says Netanyahu's cryptocurrency vision threatens Israeli national security

   Gadi Eisenkot, leader of the Integrity Party and a rival to Benjamin Netanyahu in Israel's election, said Netanyahu's cryptocurrency vision poses a threat to national security. Eisenkot also criticised Netanyahu for risking international isolation and economic sanctions that would damage the national economy and market.

   RegulationOdailyAIBearish

4. 26 Oct 202614:20 UTC

   Israeli economists warn Netanyahu against crypto sanctions-evasion plan

   109 Israeli economists and business leaders, including former central bank governor Jacob Frenkel and 2025 Nobel laureate Joel Mokyr, warned Netanyahu against a crypto sanctions-evasion plan, calling crypto a baffling solution used by criminal groups. The Bank of Israel has rejected the idea, and the election is tomorrow.

   RegulationOdailyAIBearish

5. 2 Nov 202612:33 UTC

   Israeli industry figures warn Netanyahu crypto sanctions proposal would harm Web3

   After Israeli Prime Minister Benjamin Netanyahu proposed using crypto to evade potential bank sanctions, the central bank objected and industry chiefs Tomer Sharoni of Addressable and Ran Hammer of Orbs warned of extra scrutiny from overseas exchanges and banks. Sharoni called for a regulatory sandbox and a licensing regime aligned with MiCA and FATF travel rules.

   RegulationOdailyAIBearish