In brief
- The Bank of Israel said crypto cannot be used to get around sanctions, after Prime Minister Benjamin Netanyahu said he was working on a blockchain-based plan.
- More than 100 economists, including former central bank governor Jacob Frenkel and several Nobel laureates, warned the plan would damage Israel’s economy.
- Netanyahu’s rivals seized on the comments ahead of Tuesday’s election, with challenger Gadi Eisenkot dismissing it as a “BibiCoin policy.”
Israel’s central bank has rejected Prime Minister Benjamin Netanyahu’s suggestion that cryptocurrency could help the country get around potential international sanctions, in a rare public rebuke days before Tuesday’s national election.
Cryptocurrencies “cannot serve as a means to…
