Over 100 economic experts and former senior Israeli officials have expressed “grave concern and anxiety” over remarks by Prime Minister Benjamin Netanyahu that Israel could use cryptocurrencies to evade possible banking sanctions, in a statement cited by Israeli media on Sunday.

In a strongly worded letter, the signatories warn that comprehensive sanctions would cause “enormous and irreversible damage” to the Israeli economy. Among those who signed the letter are Joel Mokyr, who was awarded the 2025 Nobel Prize in Economic Sciences, and Aaron Ciechanover, a Nobel laureate in chemistry.

According to the reports, the signatories accuse Netanyahu of failing to grasp the seriousness of the threat and criticize his proposal as a solution more…