Two days before Israel's general election, Prime Minister Benjamin Netanyahu said Israel should prepare to use blockchain-based cryptocurrency to evade potential banking sanctions. The Bank of Israel rejected the plan, and opposition parties called it a recipe for disaster and greater isolation. Israel faces growing international isolation over its genocidal war on Gaza, which has killed more than 74,500 Palestinians in three years, and settlement expansion in the occupied West Bank. The article notes that crypto could help businesses pay overseas suppliers if bank transfers are restricted, but experts say it cannot replace conventional banking at today's scale and does not solve financial isolation. At least 12 major economies, including the United Kingdom, pledged coordinated measures against settlements last month, though Israel's banking system has not yet been sanctioned.
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▲ Likely positiveBitcoin
Relevance: low
| 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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