Netanyahu Seeks Blockchain Plan Against Potential Banking Sanctions

Benjamin Netanyahu said he requested a plan to use cryptocurrency or blockchain-based financial arrangements to help Israel cope with possible banking sanctions, but disclosed no details about the system or its timeline. He also warned that Israel should prepare for an eventual end to major U.S. military assistance and reduce its dependence on it. The remarks came days before Israel’s October 27 election and drew criticism from opposition figures, who warned that sanctions could isolate the country economically. Blockchain may enable transactions outside traditional banking channels, but it does not in itself remove sanctions or compliance restrictions.