Netanyahu Explores Blockchain to Counter Sanctions, Warns of US Aid Cut
Translated & summarized from i24NEWS Arabic by baba
Israeli Prime Minister Benjamin Netanyahu revealed plans to explore blockchain technology for countering potential financial sanctions. He also issued a stark warning that the significant U.S. military aid Israel has received will eventually cease. Netanyahu stated that America has changed and that continued large-scale aid packages should not be expected. The Prime Minister has requested a plan for utilizing blockchain, though details were not provided.
The story in 5 lines · by baba
- Prime Minister Netanyahu is exploring blockchain technology to counter potential financial sanctions.
- Netanyahu warned that U.S. military aid to Israel will eventually stop.
- He stated that America has changed and large aid packages should not be expected.
- The Prime Minister requested a plan for using blockchain technology.
- Netanyahu expressed concern about potential economic and banking sanctions.
Israeli Prime Minister Benjamin Netanyahu announced Friday that he has requested a plan to utilize blockchain technology to help Israel counter potential financial sanctions. He also cautioned that substantial U.S. military aid is not guaranteed to continue indefinitely.
Speaking in an interview, Netanyahu expressed concern over the possibility of economic sanctions, including measures that could target the banking system. "You must realize the possibility of banking sanctions," he stated, emphasizing the need for Israel to prepare alternative financial arrangements. He hinted at the existence of currencies that could help circumvent such restrictions.
When asked if blockchain technology could offer a solution against economic sanctions, Netanyahu confirmed, "It is one of the means, certainly, and I have already requested that a plan be prepared in this regard." He did not provide specific details on how the proposed system would operate.
Furthermore, Netanyahu warned against assuming the continuation of the large U.S. military aid packages Israel has received historically. "If you think we will continue to receive what I succeeded in securing twice, tens of billions of dollars in American aid for the defense budget, you must prepare and change your expectations, because this will not happen, as America has changed," he said. Netanyahu described the eventual cessation of this aid as "only a matter of time," without specifying a timeline in the interview excerpts.
