REGULATION · GLOBAL
Bank of Israel rejects government plan to use crypto to circumvent sanctions
Israel's central bank formally rejected a Netanyahu administration proposal to use cryptocurrencies to evade international sanctions. Signals regulatory hardline on illicit finance despite political pressure.
WHY IT MATTERS
Central banks worldwide now proactively block crypto-as-sanctions-evasion schemes; any fintech or bank facilitating such transfers faces enforcement risk from multiple jurisdictions simultaneously.
Source: Financial Times · 2026-10-24