Bank of Israel Responds to Netanyahu: Crypto Cannot Circumvent Sanctions

The Bank of Israel clarified in response to Prime Minister Benjamin Netanyahu that cryptocurrencies cannot serve as a channel to circumvent international sanctions, financial daily Calcalist reported.

According to a report by Behadrey Haredim, concern is mounting across the economic establishment over whether digital currencies can realistically be relied upon to navigate financial restrictions. This comes against the backdrop of earlier warnings by financial experts regarding the potential fallout of such a move.

Further details regarding the Bank of Israel's position or future steps have not yet been released.