JERUSALEM, Oct 25 — Israel’s central bank has issued a rare rebuke of recent remarks from Prime Minister Benjamin Netanyahu suggesting that the country use cryptocurrency to help establish an “alternative economy” to withstand possible sanctions.
The remarks had already drawn criticism from Netanyahu’s rivals in this week’s national elections, who said they amounted to a tacit admission that the premier’s leadership was generating harmful consequences for Israel.
“Cryptocurrencies cannot be used as a way to bypass sanctions on Israel.
“What is right for Israel’s economy is to preserve our economic relations with our main trading partners and focus on preventing sanctions and their negative impact on the economy,” the Bank of Israel said in a statement on Saturday night.
