NETANYAHU PITCH : CAN ISRAEL USE CRYPTO TO EVADE ECONOMIC SANCTIONS ? - GRENADA CHRONICLE – DAILY GRENADA AND CARIBBEAN NEWS

What happened: Two days before general elections, Prime Minister Benjamin Netanyahu said Israel should prepare to use blockchain-based cryptocurrency to bypass potential economic sanctions. The Bank of Israel rejected the plan, and opposition parties criticized it. Key numbers: More than 100 experts and former Israeli officials signed a statement opposing the plan. Why it matters: The Bank of Israel said cryptocurrencies cannot be used as a route for bypassing sanctions. Critics said sanctions would cause enormous and irreversible damage to the Israeli economy. Coverage: 5 outlets in 24h

Two days before general elections, Prime Minister Benjamin Netanyahu said Israel should prepare to use blockchain-based cryptocurrency to bypass potential economic sanctions. The Bank of Israel rejected the plan, and opposition parties criticized it.

The Bank of Israel said cryptocurrencies cannot be used as a route for bypassing sanctions. Critics said sanctions would cause enormous and irreversible damage to the Israeli economy.