Netanyahu’s pitch: Can Israel use crypto to evade economic sanctions?

Two days before the general election, Israeli Prime Minister Benjamin Netanyahu proposed using blockchain-based cryptocurrencies to bypass potential banking sanctions and stay outside the international financial system. He made the case in an interview with Israel’s Channel 10 as Israel faces growing international isolation over its war on Gaza and settlement expansion in the occupied West Bank. The Bank of Israel rejected the plan, while opposition parties called it a recipe for disaster and further isolation.