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Crypto · October 25, 2026

Netanyahu rebuked for plan to use crypto to bypass economic sanctions

3 sources →

Prime Minister Benjamin Netanyahu recently suggested that Israel could utilize blockchain and cryptocurrency to bypass potential international financial sanctions. This proposal, made during a Channel 10 interview ahead of the national election on October 27, drew a public rebuke from the Bank of Israel, which stated that crypto cannot effectively circumvent such measures. Additionally, a group of over 100 economists, including former central bank governor Jacob Frenkel and several Nobel laureates, signed a letter warning that such a move could deepen Israel's international isolation and damage the national economy. Political rivals also criticized the plan, with Gadi Eisenkot labeling it a 'BibiCoin policy.'

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Hype check

How the hype check works

Confirmed · 2

Backed by filings, on-chain data, official statements or several independent publishers.

  • The Bank of Israel stated crypto cannot be used to get around sanctions. (Bank of Israel)
  • Over 100 economists signed a warning letter. (Jacob Frenkel and 100+ economists)

Claimed · 1

Said by a company, project or person; not yet independently confirmed.

  • Israel could turn to blockchain and crypto to skirt potential sanctions. (Benjamin Netanyahu)

Speculation · 1

Price talk, forecasts or unnamed sources, quoted as someone else's view.

  • The move would deepen Israel's international isolation. (100+ economists)

Reported by multiple outlets

  • Benjamin Netanyahu suggested using blockchain and cryptocurrency to bypass potential international sanctions.
  • The Bank of Israel issued a statement rejecting the idea that crypto can serve as a means to circumvent sanctions.
  • The Bank of Israel stated that the priority should be preserving relations with primary trading partners.
  • More than 100 economists, including Jacob Frenkel, signed a warning regarding the economic risks of the plan.
  • Netanyahu's comments were made during an interview with Channel 10.
  • National elections are scheduled for Tuesday, October 27.

Reported by only some outlets

  • Gadi Eisenkot dismissed the plan as a 'BibiCoin policy' (reported by Decrypt).
  • The group of economists included several Nobel laureates (reported by Decrypt).
  • Netanyahu stated he had specifically asked for a plan to use crypto and blockchain networks (reported by Decrypt).

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.