Israel Eyes Blockchain Backup Plan as Sanctions Fears Grow

Israel’s prime minister says his government is getting ready for a scenario in which the country faces economic penalties, banks included. In a Friday interview on Channel 10, Benjamin Netanyahu explained that Israel must build an economy able to work around such measures. He hinted that certain currencies could help with that and said other steps were also underway. When the interviewer, Roy Katz, asked if blockchain was part of the answer, Netanyahu confirmed it was one option and said he had already requested a proposal.

What We Still Don’t Know About the Crypto Strategy

Netanyahu left out the key details. He did not say who is drafting the plan, which blockchain or digital currency might be used, or when anything could go live.

Israel Prepares for the End of U.S. Military Aid

The prime minister also cautioned that American defense support will not last forever, even after the tens of billions of dollars he says he secured. His answer is more domestic production of weapons and ammunition, backed by an extra 400 billion shekels, about $129 billion, added to defense spending over the coming years. He added that Israel should expect a cooler political climate in Washington once Donald Trump leaves office, calling him the friendliest president Israel has ever had.