Netanyahu Seeks Blockchain Plan to Counter Potential Sanctions
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Netanyahu has asked officials to explore blockchain and cryptocurrencies as a way for Israel to bypass possible economic sanctions, Bitcoin.com News reported.
Israeli Prime Minister Benjamin Netanyahu has instructed officials to develop a blockchain and cryptocurrency plan aimed at bypassing potential international economic sanctions, according to Bitcoin.com News.
The proposed effort would address possible financial restrictions, including measures affecting Israel’s banking system. The report describes preparations for potential sanctions, rather than a response to newly imposed restrictions.
Netanyahu discussed the issue in a Friday interview with Israel’s Channel 10, acknowledging concerns about mounting economic pressure from abroad. The available report provides no details on the plan’s technical design or implementation timeline.
Source: Bitcoin.com News
