Former Deputy Governor: "Circumventing sanctions with crypto? That's where drug dealers and organ traffickers are"
Dr. Nadine Baudot-Trachtenberg, former deputy governor of the Bank of Israel, criticized at the Globes conference the idea of circumventing sanctions through crypto raised by Prime Minister Benjamin Netanyahu, calling it a miserable statement. According to her, the only area in crypto that bypasses sanctions is a black underworld of drug and organ traffickers. She added that stablecoins are traded on exchanges requiring customer identification and are not used for sanctions evasion. The panel also included Shimon Oliel from Altshuler Shaham, who presented a different picture regarding boycotts on the Israeli defense industry, noting that orders continue to arrive. Baudot-Trachtenberg warned of a strong wave of boycotts if there is no internal political change, and also referred to the suspension of US security aid as a worrying sign.
Dr. Nadine Baudot-Trachtenberg, former deputy governor of the Bank of Israel, attacked at the Globes conference "Seeing Beyond the Trend" the idea raised by Prime Minister Benjamin Netanyahu on the eve of the elections, that Israel could circumvent international sanctions through cryptocurrencies. According to her, the only area in crypto that bypasses sanctions is a black underworld of drug dealers and organ traffickers. She added that stablecoins are traded on exchanges requiring customer identification and are not used for sanctions evasion. The panel also included Shimon Oliel from Altshuler Shaham, who presented a different picture regarding boycotts on the Israeli defense industry, noting that orders continue to arrive. Baudot-Trachtenberg warned of a strong wave of boycotts if there is no internal political change, and also referred to the suspension of US security aid as a worrying sign.