Politics
Netanyahu proposes crypto contingency plan; Bank of Israel rejects it
October 25, 2026 at 04:27 PM
Coverage
4 reports · 3 in Arabic, 1 in English · over 2 hours
AJAl Jazeera English
Netanyahu’s pitch: Can Israel use crypto to evade economic sanctions?
(opens the publisher’s site)
AJAl Jazeera Arabic
المركزي الإسرائيلي وخبراء يرفضون خطة نتنياهو للعملات المشفرة
(opens the publisher’s site)
SNSky News Arabia
نتنياهو يراهن على العملات المشفرة.. والمركزي يعترض
(opens the publisher’s site)
MAMasrawy
مقترح نتنياهو بشأن الكريبتو يثير الجدل في إسرائيل
(opens the publisher’s site)Prime Minister Benjamin Netanyahu has proposed preparing a blockchain-based alternative economic system in case Israel faces banking sanctions, drawing immediate rejection from the Bank of Israel.
- Netanyahu said Israel should prepare an alternative economy using blockchain-based cryptocurrency to bypass potential banking sanctions, citing possible shifts in US military support.
- The Bank of Israel said cryptocurrency "cannot be used as a route for bypassing sanctions" and urged preserving relationships with major trade partners.
- Netanyahu's main opponent, Gadi Eisenkot, called the proposal "a threat to national security" and accused the prime minister of "losing touch with reality."
- More than 100 Israeli economists and former officials signed a statement warning that comprehensive sanctions could cause "enormous and irreversible damage" to the economy.