Netanyahu also claimed that he had already ordered an action plan involving digital currencies to be prepared. However, no government official in the economic ministries has heard of such a plan, and even senior officials in the Prime Minister’s Office are unaware of any team supposedly working on it.

Meanwhile, former senior government officials expressed astonishment and even anger at the very suggestion. “The prime minister’s remarks make it sound as though blockchain is the solution that will allow Israel to prepare for sanctions. It is important to be clear: Blockchain is not a way to circumvent sanctions. Moving a transaction onto a blockchain network or using a digital…