Ahead of the October 27 elections, Prime Minister Benjamin Netanyahu said Israel could use blockchain and cryptocurrencies to bypass potential international banking sanctions, calling the technology a 'national strategic tool'. In a Channel 10 interview he said 'blockchain is an alternative to sanctions', a shift the article describes as moving crypto from an investment topic into part of economic defense. Opposition candidates, including Yashar party leader Gadi Eisenkot, criticized the idea, and the Bank of Israel said cryptocurrencies 'cannot be used as a route for bypassing sanctions'. Media commentators and rally attendees also pushed back, while CryptoJungle founder Ben Samocha argued that blockchain tools can track, block and freeze illicit funds, and that the Israeli economy is not fit to bypass sanctions using crypto.
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| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/24/2026 | 80,888.16 |
| Change that session | -0.37% |
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| Close on 10/24/2026 | 2,358.82 |
| Change that session | -1.21% |
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