【News】Israeli Prime Minister Benjamin Netanyahu recently said in an interview with Channel 10 that if international sanctions were to hit the country’s banking system, Israel should be prepared with a backup plan to build an “economy that bypasses sanctions” using cryptocurrency and blockchain. He has tasked advisers with studying the idea. The Bank of Israel promptly pushed back, saying cryptocurrency cannot circumvent sanctions and that maintaining ties with trade partners should take priority. More than 100 economists warned that the move could put the high-tech industry and international financial channels at risk. The opposition also likened it to the path taken by sanctioned countries and called it a national security risk.

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