Israeli PM, central bank lock horns over sanctions evasion

By Ana Peligro . Editor at CoinGeek reporting on the technologies shaping business, finance, and digital innovation. TL;DR: Facing growing Western sanctions, Israeli Prime Minister Benjamin Netanyahu has asked advisers to devise a plan that uses cryptocurrency and blockchain to bypass possible future banking sanctions. The Bank of Israel, 109 economists and officials, and political opponents have pushed back, warning it would deepen Israel’s isolation and harm its economy. Critics also note that crypto is traceable, even as Russia, Iran, North Korea, and Venezuela have used it to get around sanctions.

Source: CoinGeek