Bank of Israel: Crypto cannot bypass sanctions; warns of capital flight risk
Published 1 d ago1 sourceEvidence: Reported
Israel's central bank issued a rare public rebuke of Prime Minister Netanyahu's campaign remarks suggesting Israel prepare a 'bypass economy' against potential international sanctions, stating cryptocurrencies cannot serve as such a bypass. The bank's statement signals institutional concern over the credibility of Netanyahu's proposal and potential economic fallout, though the likelihood of sanctions remains speculative.
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Israeli PM Netanyahu has proposed using cryptocurrency to circumvent potential international sanctions, a move confirmed by multiple sources. This proposal, unprecedented for a Western-aligned leader, has drawn strong criticism and warnings from the Bank of Israel regarding financial stability. Concurrently, several EU member states are reportedly pushing for tougher economic sanctions against Israel over West Bank settlements, indicating a hardening of international pressure.
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