The Bank of Israel said on Oct. 24 that it had publicly rejected a proposal from Prime Minister Benjamin Netanyahu to explore whether cryptocurrencies could be used to bypass potential international financial sanctions. In its statement, the central bank said crypto cannot serve as a tool for sanctions evasion and urged the government to preserve economic ties with the country’s main trading partners. Netanyahu responded by saying he would take the recommendation into account, but that the final decision would be his. The item was cited by Techub News, which referenced Crypto.news as the source.
The Bank of Israel said on Oct. 24 that it had publicly rejected a proposal from Prime Minister Benjamin Netanyahu to explore the use of cryptocurrencies to bypass potential international financial sanctions.
In its statement, the central bank said crypto cannot be used as a means of sanctions evasion. It also urged the government to maintain economic relations with its main trading partners.
Netanyahu said in response that he would consider the recommendation, but would make the decision himself.
The report was cited by Techub News, referencing Crypto.news.
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