Instead of preventing sanctions, Netanyahu escapes to the crypto fantasy

The article claims that Netanyahu, in an interview with Channel 10, said that US security aid will end and proposed preparing for a sanctions-circumventing economy using blockchain. It criticizes him for lacking diplomatic efforts with Europe and for indifference to emerging sanctions. The Bank of Israel issued a statement warning that cryptocurrencies are not a solution for bypassing sanctions.

Prime Minister Benjamin Netanyahu said in an interview with Channel 10 that US security aid to Israel is about to end, and that preparations should be made for a sanctions-circumventing economy using cryptocurrencies and blockchain. The article criticizes Netanyahu for not acting diplomatically to prevent European sanctions, especially in light of the E1 construction tender, and for accepting the situation instead of trying to change it. In response, the Bank of Israel issued a statement saying that cryptocurrencies cannot serve as an alternative for bypassing sanctions, and that trade relations with the European Union, Israel's leading trade partner, must be preserved. The article notes that a bill to impose sanctions on Israel is pending in the US, initiated by Democratic figures.