Israeli Prime Minister Benjamin Netanyahu proposed using cryptocurrency and blockchain technology as an alternative financial system to bypass potential international banking sanctions.

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From the article'Diplomatic and financial isolation': Netanyahu’s crypto plan to bypass sanctions draws rebukeAlso in Netanyahu’s pitch: Can Israel use crypto to evade economic sanctions?, Israeli central bank rejects Benjamin Netanyahu’s plan to use crypto to evade sanctions, 'BibiCoin policy': Netanyahu faces backlash over plan to use crypto to bypass sanctions, Netanyahu Says Israel Mulls Crypto Ahead of Possible Sanctions, Netanyahu rebuked for plan to use crypto to bypass economic sanctions | Reuters, Netanyahu Rebuked for Plan to Use Crypto to Bypass Economic Sanctions, Financial News | Stock Market and Forex News, Why is the Bank of Israel opposing Netanyahu's cryptocurrency plan?