Netanyahu Eyes Crypto To Counter Sanctions, Warns US Military Aid Will End - i24NEWS
Prime Minister Benjamin Netanyahu has requested a blockchain plan to counter potential financial sanctions while warning that US military aid to Israel will eventually end.
Prime Minister Benjamin Netanyahu on Friday said he had requested a plan to use blockchain technology to help Israel counter possible financial sanctions, while warning that US military aid would eventually end. Speaking to Roi Katz on Israel's Channel 10, Netanyahu acknowledged concern about potential economic sanctions, including restrictions targeting the banking system.
Sanctions Concern
Netanyahu expressed his concerns about potential banking sanctions, arguing that Israel needed to prepare alternative financial arrangements. "Of course I'm concerned," he said. "You have to understand that there could be banking sanctions," Netanyahu stated, pointing to currencies that could help bypass such restrictions.
One of them, certainly. And I've already asked for a plan to be prepared for it.
US Aid Warning
The prime minister also warned that Israel could not assume it would continue receiving the large American military aid packages it had secured in the past. Netanyahu described the eventual end of that assistance as "only a matter of time," without providing a specific timetable.
"If you think we'll continue receiving what I secured twice, tens of billions of dollars in American assistance for the defense budget, get organized and get used to it: it won't happen, because America has changed," Netanyahu said, emphasizing the need for Israel to adapt to changing geopolitical realities.
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