Benjamin Netanyahu requests blockchain plan to counter potential sanctions on Israel
Israeli Prime Minister Benjamin Netanyahu has requested a plan exploring blockchain technology to counter potential financial sanctions and banking restrictions, citing the need for an alternate economic system.
Israeli Prime Minister Benjamin Netanyahu announced in an interview with Channel 10 that he has requested a plan to explore blockchain technology and cryptocurrency to shield the country from potential financial sanctions and banking restrictions. Netanyahu stated that Israel must develop an alternate economy to bypass prospective international curbs on its financial system.[1][3][6][7]
Netanyahu did not share operational or technical details about how the proposed blockchain system would function. Alongside the financial contingency, he cautioned that large-scale U.S. military assistance to Israel will eventually come to an end, though he did not provide a timeline.[1][3]
The remarks surfaced days ahead of Israel's October 27 election, according to reports relayed from Israeli outlets including i24NEWS and the Times of Israel. Research by the Jewish People Policy Institute indicates that 64 nations have already enacted or weighed diplomatic, economic, or financial measures against Israel.[2][4][5]
Key facts
- Benjamin Netanyahu requested a plan to explore blockchain technology and crypto to counter potential economic sanctions and banking restrictions.
- Netanyahu said during a Channel 10 interview that Israel needs to establish an alternate economy to bypass sanctions.
- Netanyahu did not provide specific details on how the proposed blockchain system would work.
- Netanyahu warned that U.S. military aid to Israel will eventually end, without offering a timeline.
- The proposal was publicized days prior to Israel's October 27 election.
- According to the Jewish People Policy Institute, 64 countries have taken or considered economic, financial, or diplomatic measures against Israel.
Sources · 7 sources
- TB
The Block@TheBlockCoPost on X ·
NEW: Israeli Prime Minister Benjamin Netanyahu said he has requested a plan to explore blockchain as one way to help Israel counter possible economic sanctions, including banking restrictions, during an interview with Channel 10. Netanyahu did not provide details on how the proposed system would work. He also said U.S. military aid to Israel would eventually end, without giving a timeline.
Open source - BT
Bull Theory@BullTheoryioPost on X ·
BREAKING: Netanyahu says he has asked for a blockchain plan to help Israel’s economy get around possible global financial sanctions, per Times of Israel. This comes days before Israel’s October 27 election, while 64 countries have taken or considered economic, financial or diplomatic measures against Israel, according to the Jewish People Policy Institute.
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨NETANYAHU ORDERS BLOCKCHAIN PLAN TO PREPARE FOR POSSIBLE SANCTIONS! Netanyahu said in a Channel 10 interview that Israel needs to build an “alternate economy” capable of bypassing potential banking sanctions. He specifically named blockchain as one of the options and confirmed he has already asked for a plan to be prepared. He also warned that large-scale U.S. military aid will eventually end.
Open source - SI
Solid Intel 📡@solidintel_xPost on X ·
INTEL: Netanyahu is seeking a blockchain plan to shield Israel from future financial sanctions | per i24NEWS https://t.co/z0wEskvLvD
Open source - AN
Aggr News@AggrNewsPost on X ·
NETANYAHU SEEKS BLOCKCHAIN PLAN TO COUNTER POTENTIAL FUTURE FINANCIAL SANCTIONS ON ISRAEL: I24
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇮🇱 LATEST: Israeli Prime Minister Benjamin Netanyahu says he has requested a plan to use crypto as one way to bypass potential banking sanctions. https://t.co/MhjMratikQ
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🚨 NEW: Israeli Prime Minister Benjamin Netanyahu says he has requested a plan to use blockchain technology to help Israel counter potential financial sanctions, including restrictions on its banking system. https://t.co/exaMDrNh4Y
Open source