Netanyahu Wants a Crypto Route Israel Shut Down for Iran

Netanyahu says he has ordered a plan to use blockchain and digital currencies if Israeli banks face sanctions. No token, budget or timeline has been disclosed, and officials say they know of no team working on it. Russia’s A7A5 stablecoin shows how quickly such a channel can lose access to liquidity. Israel has itself sanctioned hundreds of Iran-linked wallets, most of which used USDT. Israeli Prime Minister Benjamin Netanyahu said on October 23 that Israel could face international banking sanctions and that he has already asked officials to prepare a plan for using blockchain and digital currencies to keep money…

Source: Crypto News Flash