Netanyahu went viral proposing crypto to bypass Western sanctions ahead of Israel's Oct 27 elections, after US/EU pressure over war policies.
One day later, Bank of Israel publicly rebuked him, stating "cryptocurrencies cannot serve as a means of circumventing sanctions" and warning it would damage ties with trading partners.
The clash comes as HSBC launched RedCoin HKD stablecoin for 3.3M PayMe users in Hong Kong, and Solana activated Alpenglow cutting finality to 150ms with 14M+ stablecoin holders.
Traders see it as proof crypto is now a geopolitical tool, but central banks still draw the line on sanctions evasion.