According to Decrypt, Prime Minister Benjamin Netanyahu has asked for a blockchain-based plan in the days leading up to Israel’s election, should banks operating in Israel face sanctions. The request comes as preparations continue for possible external pressures following former U.S. President Donald Trump’s remarks about Israel.
Netanyahu informed Israelis to prepare for a “rainy day” scenario linked to developments after Trump’s statements, emphasizing readiness for financial constraints that could affect banking services. The blockchain proposal is being considered as a contingency measure if regulatory or international pressures impact access to traditional banking infrastructure.
No details were provided about the scope, implementation timeline, or technical approach of the proposed plan. The request appears aimed at exploring alternative mechanisms for maintaining financial functionality under restrictive conditions. Election activities remain ongoing, and no official policy announcement has been made public regarding the blockchain initiative.
