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Netanyahu eyes crypto to sidestep sanctions, officials push back

Prime Minister Benjamin Netanyahu says he is looking at cryptocurrency as a way to evade banking sanctions, while the Bank of Israel warns that digital currencies cannot bypass those restrictions. Economists and entrepreneurs label the idea as bizarre, and opposition parties caution it could spark capital flight and weaken confidence in the Israeli economy.

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Why it matters

Potential impact on Israel's financial stability and international trade relations.

What changed

  1. First published from Al Jazeera English, Anadolu Agency, Middle East Eye and The Jerusalem Post