According to the Financial Times, the Bank of Israel has publicly opposed Prime Minister Benjamin Netanyahu's proposal to use cryptocurrencies to circumvent potential international financial sanctions. On October 24, the Bank of Israel stated that cryptocurrencies cannot be used to circumvent sanctions against Israel, and that the government should focus on maintaining economic relations with major trading partners and preventing sanctions and their negative impacts. Previously, in a television interview on October 23, Netanyahu stated that Israel needs to prepare an alternative economic system in the face of potential international banking sanctions and had requested research into solutions including blockchain and cryptocurrencies. [https://wublock123.com/news/israel-central-bank-opposes-netanyahu-crypto-plan-to-evade-sanctions-70660]