Netanyahu Says He Ordered Review of Crypto Use to Circumvent Potential Banking Sanctions
JH Kim
Summary
- Israeli Prime Minister Benjamin Netanyahu said he had ordered officials to prepare a plan to use cryptocurrencies in response to potential banking sanctions.
- Netanyahu said he had asked for cryptocurrencies to be reviewed as one alternative in case sanctions on the banking sector were imposed.
- He said the plan to use cryptocurrencies was one of several possible responses to circumvent potential banking sanctions.
Forecast Trend Report by Period
Israeli Prime Minister Benjamin Netanyahu said he had ordered officials to devise ways to use cryptocurrencies in response to potential banking sanctions.
Cointelegraph reported on October 23 that Netanyahu had asked for cryptocurrencies to be considered as one alternative if sanctions were imposed on the banking sector.
He described the use of cryptocurrencies as one of several possible responses aimed at circumventing potential banking sanctions.
Specific details on how cryptocurrencies would be used, or when any plan might be implemented, were not disclosed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.