Netanyahu proposes crypto as sanctions backup ahead of Israel election

Israeli Prime Minister Benjamin Netanyahu has asked advisers to explore using cryptocurrency to protect the country if international sanctions restrict its banking system, though no concrete plan, budget, or timeline has been announced. The Bank of Israel has rejected the proposal, stating cryptocurrencies cannot circumvent sanctions, while 109 economists and business leaders, including Nobel laureate Joel Mokyr, warn that sweeping sanctions could devastate Israel's technology sector and foreign investment.