Bank of Israel Rejects Netanyahu’s Crypto Plan to Evade Sanctions

Netanyahu acknowledged the opposition, telling Channel 14, “I hear the resistance; I am taking it into account.” However, he said he would continue to follow his own judgment.

The proposal followed sanctions announced by Britain and 11 other Western countries targeting goods from Israeli settlements in the West Bank.

Opposition Leaders Question Crypto Strategy

Opposition leader Gadi Eisenkot called the proposal a national security threat, warning that economic isolation could damage investment and employment.

Avigdor Liberman also questioned the plan, arguing that blockchain transactions can be traced, allowing authorities to identify and block wallets linked to sanctioned entities.

Former prime minister Naftali Bennett criticized the proposal as well, warning against Israel becoming disconnected from global markets.