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Governor of the Bank of Israel Amir Yaron attends a conference of the Government Companies Authority in Rishon LeZion, central Israel, January 25, 2026. (Avshalom Sassoni/Flash90)

The Bank of Israel on Saturday came out against Prime Minister Benjamin Netanyahu’s comments that Israel should prepare for potential international sanctions and use cryptocurrency in order to circumvent them, as opposition leaders also blasted the premier’s statements.

In a statement, the central bank rejected Netanyahu’s proposition, saying that cryptocurrencies “cannot be used as a route for bypassing sanctions.”

“The right thing for Israel’s economy is preserving the economic relationships with our principal trade partners and focusing on preventing sanctions and their negative influence on the economy,” the central bank said.…