Netanyahu urges blockchain plan to bypass potential banking sanctions on Israel

Israeli Prime Minister Benjamin Netanyahu has requested a plan to use cryptocurrency and blockchain networks to circumvent possible banking sanctions, stating that U.S. military aid will end and Israel must prepare for a future without American assistance. He made the remarks four days before a national election, noting that the current $3.8 billion annual aid deal expires in September 2028. Elliptic data shows Russia's ruble stablecoin A7A5 moved $102 billion in its first year before sanctions reduced daily volume by 96%. If implemented, Israel would join a small group of nations like Venezuela, Iran, and Russia that have used crypto to move funds outside U.S. intervention.