Prime Minister Benjamin Netanyahu proposed using cryptocurrencies to prepare Israel for possible financial sanctions, particularly those targeting Israeli settlements in the West Bank. The Israeli central bank rejected the approach, while the director general of the U.S.-Israel Chamber of Commerce described it as a model typical of isolated and sanctioned countries. The statement comes on the eve of the legislative elections on October 27, which will renew all 120 seats in the Knesset. The debate comes as Russia uses the ruble-backed A7A5 stablecoin and Iran increasingly relies on Tether’s USDT for payments.
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