Netanyahu Explores Blockchain to Bypass Sanctions, Predicts End to US Aid
Translated & summarized from Haaretz by baba
Prime Minister Benjamin Netanyahu announced Israel must prepare for banking sanctions using an alternative economy, considering blockchain technology as a potential solution. He also warned that U.S. security aid to Israel is likely to end due to changes in America. Currently, 138 sanctions are imposed on Israel by 54 countries, with Spain leading the list.
The story in 5 lines · by baba
- Prime Minister Netanyahu is exploring blockchain to bypass potential banking sanctions against Israel.
- Netanyahu predicts the end of U.S. security aid, stating America has changed.
- Israel faces 138 sanctions from 54 countries, with 93 currently active.
- Spain has imposed the most sanctions against Israel, totaling 10 measures.
- Netanyahu has requested a plan for utilizing blockchain technology.
Prime Minister Benjamin Netanyahu stated on Friday that Israel needs to "prepare for banking sanctions through an alternative economy." When questioned about potentially using cryptocurrency and blockchain technology to circumvent sanctions, Netanyahu responded affirmatively, revealing he has already "asked for a plan to be prepared."
In an interview with Roi Katz on Channel 10, Netanyahu also urged preparedness for a future scenario where American security assistance to Israel ceases. He cautioned, "If you think we will continue to receive what I brought twice, tens of billions of dollars in American aid for the defense budget, then prepare yourselves and practice. It will not happen. Because America has changed. It is over and it will end. It is only a matter of time."
According to the Jewish People Policy Institute, which maps global sanctions, there are currently 138 sanctions against Israel. Of these, 93 are active, along with 17 academic sanctions imposed by 54 countries. An additional 10 proposed measures have not yet been implemented. Spain leads with 10 total measures against Israel, followed by the United States with eight academic sanctions, the United Kingdom with seven, and Belgium and Turkey each with five. Italy, Ireland, the Netherlands, Canada, and France are among the countries currently imposing three or four sanctions on Israel.
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