Netanyahu Says Israel Explores Cryptocurrency to Evade Sanctions
· World · Bloomberg, Financial Times
Israeli Prime Minister Benjamin Netanyahu announced that he is exploring the use of cryptocurrency to bypass potential financial sanctions. In an interview with Israel's Channel 10 on October 24, 2026, Netanyahu stated that the country needs alternative economic systems using bypass currencies to evade banking restrictions. When asked directly if he meant crypto, the prime minister confirmed the plan. The remarks drew sharp criticism from opposition figures who warned the move would turn Israel into an economic pariah comparable to Iran. The timeline for implementing any digital currency framework remains undisclosed.
Why it matters
The adoption of cryptocurrency to bypass international banking controls could isolate Israel's financial sector and strain its global diplomatic ties.
Read the original report — Bloomberg
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