Israel’s Netanyahu defends crypto sanctions plan – ‘I do what I think is right’

Benjamin Netanyahu, Israel's prime minister, has defended his crypto plan as an alternative to evade future sanctions against the country. According to a Financial Times report, the central bank, the Bank of Israel, opposed the plan, noting that - Cryptocurrency cannot serve as a means to circumvent sanctions imposed on Israel. The right course of action for the Israeli economy is to preserve economic relations with our primary trading partners and to focus on preventing sanctions.