109 Israeli economists and business leaders warned Netanyahu against implementing a cryptocurrency scheme to circumvent sanctions.

109 Israeli economists and business leaders have warned Netanyahu against pursuing a cryptocurrency-based sanctions circumvention plan. Signatories include former Bank of Israel Governor Jacob Frenkel and 2025 Nobel laureate in economics Joel Mokyr. The signatories stated that cryptocurrencies are an incomprehensible solution, used by criminal organizations, and do not help solve the problem. Netanyahu stated on Friday that Israel should prepare to build a bypass economy to cope with bank sanctions and confirmed that the plan involved cryptocurrencies. The Bank of Israel has already rejected the idea, and the Israeli general election is scheduled for tomorrow. (Source: Bitcoin News)