🇮🇱 JUST IN: Netanyahu says he has asked for a blockchain plan to prepare Israel for possible banking sanctions.
In a Channel 10 interview days before the election, the Prime Minister said Israel must be ready for the possibility of sanctions "including banking sanctions" and needs "an economy that can bypass them." Asked whether blockchain is an alternative, he answered: "One of them. Certainly. And I've already asked for a plan to be prepared for that."
He gave no details. He did not say who is preparing the plan, which blockchain or currencies it would use, or when it might be ready. He did not name a country he expects sanctions from.
The same interview carried a second headline. Netanyahu said Israel should prepare for a drop in US military aid and build up its ability to manufacture weapons and ammunition itself.
The reaction split along campaign lines. Opposition leader Yair Lapid said Netanyahu's own words show a re-elected government would face sanctions that "devastate our economy" and drive up prices, and one Haaretz analysis dubbed it an "Iran-style blockchain economy." Supporters of the approach argue a prime minister should hold contingency plans for worst-case financial scenarios.
Analysts add a caveat. Blockchain transfers can skip traditional intermediaries, but they don't automatically escape sanctions exposure, because exchanges, stablecoin issuers and on-ramps can still be targeted.
#Israel #Netanyahu #Blockchain #Sanctions #Crypto
In a Channel 10 interview days before the election, the Prime Minister said Israel must be ready for the possibility of sanctions "including banking sanctions" and needs "an economy that can bypass them." Asked whether blockchain is an alternative, he answered: "One of them. Certainly. And I've already asked for a plan to be prepared for that."
He gave no details. He did not say who is preparing the plan, which blockchain or currencies it would use, or when it might be ready. He did not name a country he expects sanctions from.
The same interview carried a second headline. Netanyahu said Israel should prepare for a drop in US military aid and build up its ability to manufacture weapons and ammunition itself.
The reaction split along campaign lines. Opposition leader Yair Lapid said Netanyahu's own words show a re-elected government would face sanctions that "devastate our economy" and drive up prices, and one Haaretz analysis dubbed it an "Iran-style blockchain economy." Supporters of the approach argue a prime minister should hold contingency plans for worst-case financial scenarios.
Analysts add a caveat. Blockchain transfers can skip traditional intermediaries, but they don't automatically escape sanctions exposure, because exchanges, stablecoin issuers and on-ramps can still be targeted.
#Israel #Netanyahu #Blockchain #Sanctions #Crypto