PoliticsSunday, October 25, 20261 min read

'Diplomatic and financial isolation': Netanyahu’s crypto plan to bypass sanctions draws rebuke

By Alex MacDonald · Via Middle East Eye · Published by Everything Blog

In short

Netanyahu’s crypto plan to evade sanctions has been criticized by the Bank of Israel and opposition leaders, who say it could lead to economic isolation and hurt investor confidence.

Key points

Netanyahu’s crypto proposal is criticized by the Bank of Israel and opposition leaders.: Netanyahu’s crypto proposal is criticized by the Bank of Israel and opposition leaders.
The proposal could lead to economic isolation and investor concerns.: The proposal could lead to economic isolation and investor concerns.
The proposal has been criticized by opposition politicians, former bankers, and economist…: The proposal has been criticized by opposition politicians, former bankers, and economists.

Sources checked by our analysis pipeline: 1

Israeli Prime Minister Benjamin Netanyahu has proposed exploring the use of cryptocurrency to circumvent potential international banking sanctions, as nations around the world continue to debate sanctions against Tel Aviv.

Netanyahu proposed the move in an interview with Channel 10’s economic broadcaster, aired on Friday, days before Israel’s 27 October parliamentary election.

“We need to prepare ways to evade banking sanctions through an alternative economic system,” Netanyahu said. “You know what that means - the currencies that can bypass them. I’m working on that, too.”

Asked whether he meant cryptocurrency, Netanyahu replied: “Very correct.”

Israel’s central bank has rebuked the proposal, warning that digital currencies cannot replace economic relations with the country’s main trading partners.

Original source: www.middleeasteye.net

Veterans seek court order to block Trump's 250-foot arch before Nov 5
Veterans and an architectural historian are seeking a court order to block President Trump's 250-foot arch in Washington before it begins construction, arguing the administration must first obtain approval from Congress. The monument would stand in a traffic circle across the Potomac River from the Lincoln Memorial, close to Arlington National Cemetery. The project has received some initial approvals, but questions remain about whether those permissions are sufficient and the location is suitable for such a large…
3 min read
Israeli attacks killed at least five Palestinians in Gaza
Israeli airstrikes killed at least five Palestinians in Gaza, including two fatalities and four injuries, in a series of attacks that targeted the Khan Younis area and nearby al-Mawasi. The incident underscores the ongoing tensions between Israel and Hamas, leading to increased tensions and calls for a ceasefire. The Israeli government has denied responsibility for the strikes, while Hamas has accused Israel of targeting civilians.
1 min read
Jordan church attack survivor says her cousin died before her eyes - Reuters
A survivor of the Jordan church attack shares that their cousin died before their eyes, leaving the survivor devastated and struggling with grief. The incident has left the survivor with a sense of loss and grief, and they hope for justice for their cousin.
1 min read

'Diplomatic and financial isolation': Netanyahu’s crypto plan to bypass sanctions draws rebuke

In short

Key points

More in Politics