Netanyahu Says He Requested Blockchain Plan to Prepare for Possible Banking Sanctions on Israel
Israeli Prime Minister Benjamin Netanyahu said he has requested a blockchain plan to prepare Israel’s banking system for possible sanctions, according to The Block.
Netanyahu described blockchain as one of several alternatives under consideration, according to The Defiant, which noted the comments come as Britain threatens action against businesses supporting settlement construction.
Decrypt reported that Netanyahu’s remarks came days before Israel’s election, and that he told Israelis to prepare for a “rainy day” following Trump.
None of the outlets detailed what a blockchain-based sanctions workaround would involve or whether any concrete plan has been drafted.
Sources: The Block, The Defiant, Decrypt
This article is for information only and is not financial advice.
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