Bank of Israel Rejects Netanyahu's Crypto Plan to Evade Sanctions
- —Central bank: priority is preserving ties with principal trade partners
- —Netanyahu had advisers draft a plan involving crypto and blockchain
- —Trigger was sanctions by Britain and 11 countries on settlement goods
- —Liberman: blockchain transactions are traceable and wallets can be blocked
Why it matters: The case signals that central banks do not view crypto as a sanctions-evasion tool, limiting such scenarios for other countries.
Source: Cryptonews.net
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