Regulation· ★★★· neutral·

Israel's Central Bank Rejects Netanyahu's Plan to Use Crypto to Bypass Sanctions

  • —Central bank says blockchain is public and transparent, so transfers can be traced to their origin
  • —Over 100 economists led by ex-governor Frenkel signed a letter opposing the crypto plan
  • —UK, France and Canada have threatened sanctions over West Bank settlement expansion
  • —Israel's defense minister previously sanctioned 37 crypto wallets tied to Iran
Why it matters: The episode signals that regulators view blockchain as ineffective for evading sanctions, reducing the risk of tighter crypto oversight.
Source: ZyCrypto
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