Policy·October 23, 2026 at 2:15 PM EDT·3 sources
Bank of Israel Slams Netanyahu’s Anti-Sanction Crypto Scheme
Outlets covering it3 in 17 hours
Oct 23, 6 PMOct 24, 10 AM
What happened
- Benjamin Netanyahu said blockchain could help Israel prepare for possible sanctions targeting its banking system.
- He said he had asked for a blockchain plan and urged Israelis to prepare for a rainy day after Trump, days before Israel’s election.
- The Bank of Israel strongly rebuked the proposed cryptocurrency-based approach, according to Bloomberg.
Why it matters
The proposal raises policy and financial-system questions for banks, crypto businesses and investors assessing sanctions risk and the role of digital assets in cross-border payments.
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Timeline
- First reported by The BlockOct 23Netanyahu seeking blockchain plan to prepare for possible sanctions
- Decrypt reportsYesterdayNetanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel
- Bloomberg reportsYesterdayBank of Israel Slams Netanyahu’s Anti-Sanction Crypto Scheme
Who is involved
Bank of Israel Slams Netanyahu’s Anti-Sanction Crypto SchemeBank of IsraelBenjamin Netanyahu
AgencyPerson
Sources (3)
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