Netanyahu Warns Israel Could Face Banking Sanctions, Prepares Alternative Financial System
- On Friday, Israeli Prime Minister Benjamin Netanyahu announced he requested a plan to use blockchain technology to help Israel counter potential banking sanctions. "Of course I'm concerned," Netanyahu said, "You need to prepare an economy that can get around them."
- A database by the Jewish People Policy Institute tracks 139 international measures against Israel across 64 countries, with 111 currently active in finance, defense, and trade sectors, according to its October 18 snapshot.
- More than 60 economists and former officials warned earlier this week that international sanctions threaten the Israeli economy, citing Britain's plan to restrict settlement imports and risks from extremist violence against Palestinians.
- Netanyahu also warned that Israel should prepare for the eventual end of American military assistance, stating, "America has changed," and predicting the cessation of tens of billions of dollars in defense funding.
- Nir Hirschman, CEO of the Crypto Companies Forum, welcomed blockchain development on Friday but warned that public networks are transparent and "not a haven for hiding money," countering potential misconceptions.
42 Articles
42 Articles
On the eve of hard-fought elections, the Israeli premier says he ordered preparations for possible financial sanctions, including exploring blockchain technology
Benjamin Netanyahu announces a plan for an “alternative economy” via blockchain to circumvent potential international sanctions, openly admitting pressure from the US and provoking a strong reaction from the Israeli opposition. The post Israel: Netanyahu considers bypassing international sanctions through an alternative economy appeared first on in.gr.
The Prime Minister acknowledged growing pressure from his main ally, the United States, without naming countries that could sanction Israel.
Netanyahu predicts end of U.S. military aid, calls for plan to circumvent potential sanctions
Israeli Prime Minister Benjamin Netanyahu warned on Friday that American military assistance to Israel would eventually end, adding that the Jewish state would need to prepare an “alternate economy” in the face of potential sanctions. In an interview on Israel’s Channel 10, Netanyahu said American security assistance “won’t keep coming because America has changed, not...
Netanyahu warns of banking sanctions on Israel, floats crypto as possible bypass
The prime minister also told Israelis to 'prepare yourselves' for U.S. aid to end, saying that 'the United States has changed. It's over, and it will come to an end. It's only a matter of time'
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