Netanyahu Defends Crypto Sanctions Plan as Central Bank Pushes Back

Israeli Prime Minister Benjamin Netanyahu has declined to withdraw a proposal to prepare cryptocurrency and blockchain arrangements in case Israel faces banking sanctions, one day after the country’s central bank publicly rejected the idea and four days before a national election. According to Ambcrypto , Netanyahu told Israel’s Channel 14 on October 24 that crypto was one option among several and that he would weigh the Bank of Israel’s objections without abandoning his own judgment. The exchange amounts to an unusually open disagreement over economic policy between a sitting prime minister and the Bank of Israel.