The Bank of Israel said in a statement that cryptocurrencies cannot serve as a route to bypass sanctions. The central bank said the better course for Israel’s economy is to preserve economic ties with its main trading partners and work to avoid sanctions and the economic effects that come with them. It also said the matter falls under political responsibility. Separately, officials in Israel’s economic departments said they were not aware of any related plan. The remarks were reported by Odaily in a brief news update.
The Bank of Israel said in a statement that cryptocurrencies cannot be used as a way to bypass sanctions.
The central bank said the best course for Israel’s economy is to maintain economic relations with its main trading partners and try to avoid sanctions and the economic impact tied to them. It added that the issue falls under political responsibility.
Officials in Israel’s economic departments said they were not aware of any related plan.
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