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 NewsFeeds

Israeli industry figures warn Netanyahu crypto sanctions proposal would harm Web3

NewsFeeds update

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

Read the original on Odaily

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. 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. 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. 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. 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. 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

More Regulation updates

  1. Trump says he would consider pre-emptive pardons for Musk and allies

    RegulationOdailyAINeutral

  2. Hong Kong Monetary Authority launches post-quantum cryptography toolkit

    RegulationOdailyAINeutral

  3. Crypto.com to wind down Hong Kong services from February

    RegulationOdailyAIBearish

Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.