Decision/Other/
Adopted
Bank of Israel publicly rejects cryptocurrency as sanctions workaround
The Bank of Israel publicly contradicted Netanyahu's suggestion that cryptocurrency could be used to bypass banking sanctions, saying crypto cannot serve as a sanctions workaround and that the economy must keep ties with major trading partners.
Actors and targets
Targets cryptocurrency as a means of circumventing sanctions
Source
криптовалюта «не может служить средством обхода санкций»
Also reported by FT · Calcalist
Extracted detail
Fields read from the post for this record type. The first group is ordered by what a reader usually needs; the rest stays collapsed.
- Position
- cryptocurrency cannot serve as a means of circumventing sanctions
- Counterparty
- Benjamin Netanyahu
- Counterparty role
- Prime Minister
- Topic
- cryptocurrency as a sanctions workaround
- Country
- Israel
- Stated rationale
- the economy needs to maintain ties with its main trading partners
- Risk framing
- circumventing sanctions regimes poses substantial risks to banks
- Precedent year
- 2024
- Precedent
- after US sanctions on four settlers, Leumi and Postal Bank froze the accounts of two of them; the Bank of Israel sided with the banks
- Quoted text
- не может служить средством обхода санкций
Related decisions
Same kind only, ranked by embedding similarity to this record.