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Israeli central bank rejects Netanyahu's crypto sanctions workaround

Original: Israeli central bank rejects Netanyahu's plan to use crypto to evade sanctions

Israel's central bank has rejected a plan advanced by Benjamin Netanyahu to use cryptocurrency as a means of circumventing sanctions, according to a Financial Times report. The episode has drawn attention because of the unusual clash between the prime minister and the country's top monetary authority over how to handle restricted financial channels, and over crypto's potential role in moving funds around official controls.

Why now: The unusual confrontation between Netanyahu and the Bank of Israel, plus crypto's role in sanctions evasion, makes it highly topical.

Benjamin NetanyahuBank of IsraelFinancial Times

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• Israeli central bank rejects Netanyahu's plan to use crypto to evade sanctions · JumpCrisscross · 10

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