Full coverage· Politics· Updated 20:03

Netanyahu Sparks Controversy Over Potential Economic Sanctions on Israel

Prime Minister Benjamin Netanyahu warned of potential economic sanctions against Israel and a reduction in U.S. aid, suggesting cryptocurrency and blockchain as alternatives. Opposition leader Yair Lapid agreed with the assessment, predicting aid cuts and sanctions under Netanyahu's government.

2 newsrooms · 1 language · since 18:31

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Netanyahu Sparks Controversy Over Potential Economic Sanctions on Israel — Illustration by baba

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What happened

01Prime Minister Netanyahu warned of potential economic sanctions and reduced U.S. aid for Israel.
02Netanyahu suggested exploring cryptocurrency and blockchain as alternative economic systems.
03Opposition leader Yair Lapid agreed with Netanyahu's assessment of future sanctions.
04Britain recently threatened sanctions on banks supporting Israeli settlement construction.
05Israel is a global leader in developing crypto and blockchain technologies.

The comments follow recent threats of sanctions from Britain over settlement construction. The CEO of the Crypto Companies Forum highlighted Israel's tech potential but stressed transparency in blockchain.

Translated and summarized by baba from i24NEWS, the latest report. Read i24NEWS’s original