Fact check: Netanyahu proposed using cryptocurrency to bypass sanctions
The claim that Israeli Prime Minister Benjamin Netanyahu proposed using a cryptocurrency system to bypass sanctions is true. Multiple news reports document his remarks.
Our verdict
True
The evidence supports this claim.
The claim
Israeli Prime Minister Benjamin Netanyahu has proposed using a cryptocurrency system as a way to bypass sanctions.
Published byDonya-e-EqtesadOriginal article
In an interview aired on October 23, 2026, Israeli Prime Minister Benjamin Netanyahu proposed preparing an alternative economic system utilizing cryptocurrency and blockchain technology [1], [2]. He presented this as a contingency plan designed to circumvent potential international banking sanctions [1], [2].
His remarks were documented by several reliable news organizations, including Reuters, Al Jazeera, The Times of Israel, and Middle East Eye [3], [4].
The proposal faced swift domestic pushback, drawing immediate public opposition from both the Bank of Israel and domestic opposition leaders [3], [4]. Because Netanyahu's statements proposing cryptocurrency to circumvent banking sanctions are fully documented, the claim is rated true.
Sources
- 1
“In an interview aired on October 23, 2026, Israeli Prime Minister Benjamin Netanyahu proposed preparing an alternative economic system utilizing cryptocurrency and blockchain technology as a contingency plan to circumvent potential international banking sanctions”
middleeasteye.net
- 2
“In an interview aired on October 23, 2026, Israeli Prime Minister Benjamin Netanyahu proposed preparing an alternative economic system utilizing cryptocurrency and blockchain technology as a contingency plan to circumvent potential international banking sanctions”
timesofindia.indiatimes.com
- 3