Blockchain against sanctions? Netanyahu's vision bodes ill for Israel's economy

Netanyahu said in an interview that Israel may use blockchain to bypass possible Western sanctions. The article analyzes this statement and his remarks about halting US aid, warning of economic isolation and a severe crisis due to government policy.

Prime Minister Benjamin Netanyahu said in an interview with Channel 10 that Israel may need to use blockchain to bypass possible international sanctions. The article analyzes this statement alongside another remark by Netanyahu about halting US military aid, warning that current government policy could lead to Israel's economic isolation and a severe crisis. The author argues that using blockchain as a solution is "throwing sand in the public's eyes" and that the mere discussion of sanctions deters investors and international companies. The article notes that the current aid agreement, standing at $3.8 billion per year, expires in 2028, and its non-renewal would cut over 11 billion shekels from the annual defense budget. It also mentions a migration of Israeli entrepreneurs registering companies in the US against the backdrop of the judicial overhaul and the war.