Section
Israeli economy news in English
Markets, shekel, housing, and the business desk — in English.
Netanyahu's Crypto Plan Sparks Fierce Criticism, Bank of Israel Rejects Idea
Prime Minister Benjamin Netanyahu's plan to use cryptocurrency to counter potential economic sanctions has been rejected by the Bank of Israel, which advises focusing on preventing sanctions. Netanyahu also warned of potential cuts to U.S. security aid. Political rivals, including Naftali Bennett and Yair Lapid, strongly criticized the proposal, warning of severe economic consequences and a threat to national security.