Netanyahu Orders Blockchain Contingency Plan to Shield Israel From Banking Sanctions
Photo: TheCoinrise
Israeli leadership is reportedly exploring blockchain-based financial infrastructure as a hedge against possible restrictions on banking access. Benjamin Netanyahu has directed Israeli officials to prepare a blockchain-based contingency plan, according to reports published this week. The plan is intended to give Israel alternative financial infrastructure in case it faces restrictions on access to traditional banking networks. The reports describe the effort as precautionary rather than a response to an active sanctions regime. Israel currently maintains access to major global banking systems, including correspondent banking relationships that allow it to move money internationally in dollars and other reserve currencies.
Source: TheCoinrise
