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Netanyahu's Crypto Sanctions Plan Draws Criticism

Prime Minister's proposal to use digital currency to bypass sanctions faces backlash from economists and rivals.

AI-assisted coverage comparison, editor-supervised · How this was made

Published Updated

What this story says

  • Prime Minister Benjamin Netanyahu proposed using cryptocurrency to shield Israel's economy from potential international sanctions.
  • The Bank of Israel stated that cryptocurrencies cannot serve as a route to bypass sanctions.
  • Over 100 economists signed a letter warning of negative economic consequences, including higher unemployment and reduced foreign investment.
  • Netanyahu's political rivals, Gadi Eisenkot and Yair Lapid, also criticized the plan.

Who covered it

Left 16%(7)Centre 31%(14)Right 53%(24)

Percentages are shares of the 45 outlets carrying a published leaning rating. 86 of the 131 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .

Trust

58/100

Craft

60/100

Hype

45/100

131 sources · methodology

Thin on the left so far

Only 7 of the 45 outlets with a published leaning rating that ran this story are rated left.

This story is still being watched, so it is a count and not yet a finding. Coverage keeps arriving for hours after an event, and a side that has published nothing this morning may publish by tonight. If it is still true when we stop checking, we will say so plainly.

Prime Minister Benjamin Netanyahu suggested that Israel could use cryptocurrency and blockchain technology to shield its economy from potential international sanctions. Netanyahu stated he was preparing for a scenario where broader sanctions were imposed, mentioning the need for a "bypass economy" using currencies that can circumvent such measures. The comments were made in an interview with Israel's Channel 10.

The proposal drew a rebuke from the Bank of Israel, which stated that cryptocurrencies cannot serve as a route to bypass sanctions. The central bank advised focusing on policies to prevent sanctions rather than seeking alternative economic measures. More than 100 economists, including former Bank of Israel officials and Nobel laureates, signed a letter expressing alarm. They warned the plan could lead to higher unemployment, a fall in foreign investment, and a collapse of Israel's economic standing, drawing parallels to countries like South Africa, Iran, and Russia.

Netanyahu's political rivals also voiced criticism. Gadi Eisenkot, a main rival in the upcoming election, called the crypto plan "madness" and feared it would drive companies abroad and undermine national security. Opposition leader Yair Lapid stated Netanyahu had "gone off the rails" with his proposals.

Disagreement on the effectiveness of cryptocurrency

Prime Minister Benjamin Netanyahu suggested that cryptocurrency could be used to bypass sanctions. However, the Bank of Israel stated that cryptocurrencies cannot serve as a route to bypass sanctions. Hindustan Times reported Netanyahu's comments, while the Bank of Israel's statement was also noted by Hindustan Times and Free Malaysia Today News.

What the coverage left out

None of the centre or right-rated reports mentioned that Britain, France, and Canada previously announced they would block imports from Israeli settlements, an action Hindustan Times included in its full report as context for growing diplomatic isolation.

Still developing. We have re-checked which outlets are covering this 4 times, most recently on 25 Oct 2026, 18:45, and will add the sides that appear.

How each side covered it

Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.

Left

7 rated outlets

  • Across the left‑rated outlets, the core report is that Prime Minister Benjamin Netanyahu said Israel might use cryptocurrency and blockchain technology to avoid future international banking sanctions. Al Jazeera’s own article led on his suggestion, while Al‑Monitor, Haaretz, Ynet, aljazeera.net, der Standard and in.gr each noted his warning about possible loss of U.S. aid and the preparation of alternative financial arrangements.
  • The digests record that economists and political rivals criticised the proposal, as noted by Al‑Monitor, and that Netanyahu’s own remarks on Channel 10 were quoted, according to the same source. Haaretz and Ynet reproduced his warning about U.S. assistance ending, and in.gr mentioned a strong reaction from the Israeli opposition.
  • None of the left‑rated digests include any cost estimate, timeline, or technical detail about how a blockchain‑based system would be built or regulated. They also omit discussion of legislative steps or specific mechanisms for implementing the alternative economy.

Centre

14 rated outlets

  • Centre-rated reports led with Prime Minister Benjamin Netanyahu's suggestion of using cryptocurrency to shield Israel's economy from potential international sanctions. These reports highlighted the criticism he faced from economists and political rivals, as well as the rebuke from the Bank of Israel. Hindustan Times, in its full report, detailed the economists' warnings about negative economic consequences such as higher unemployment and reduced foreign investment, quoting the letter that described the plan as a "puzzling solution, one accepted in criminal organizations." Reuters, The New York Ledger, Cointelegraph, crypto.news, WTVB, and PerthNow all focused on the core proposal and the ensuing criticism from various bodies.

Right

24 rated outlets

  • Right-rated reports also focused on Prime Minister Benjamin Netanyahu's proposal to use cryptocurrency to bypass potential sanctions. These outlets, including India Today, The West Australian, Free Malaysia Today News, Globo, CNBC-TV18, Cyprus Mail, Arab News, and The Jewish Chronicle, highlighted the criticism from economists, political opponents, and the Bank of Israel. The Jewish Chronicle's headline specifically noted the Bank of Israel's rejection of Netanyahu's claim that crypto could help evade sanctions. Some reports, like those from Free Malaysia Today News and Arab News, mentioned the Bank of Israel issuing a "rare rebuke".

Questions about this coverage

How did the left and right cover Netanyahu's Crypto Sanctions Plan Draws Criticism?
Of the 45 outlets on this story carrying a published leaning rating, 16% are rated left, 31% are rated centre, 53% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 131. The sections above set out what each side emphasised, in its own terms.
Is Netanyahu's Crypto Sanctions Plan Draws Criticism left or right?
Neither side dominates it. Of the 45 rated outlets on this story, 16% are rated left, 31% are rated centre, 53% are rated right, and no side holds the 70% this site would want before calling a field one-sided. A story is not left or right in any case; the outlets that carried it are what carry ratings.
Is the coverage of Netanyahu's Crypto Sanctions Plan Draws Criticism biased?
Netanyahu's Crypto Sanctions Plan Draws Criticism is one event reported by 131 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
Which side is not reporting Netanyahu's Crypto Sanctions Plan Draws Criticism?
When we first saw this story, outlets rated left had barely covered it. Coverage accretes for hours after an event, so that is where to look rather than a verdict — the split above is the current count, and it is the one to read.
Which outlets covered Netanyahu's Crypto Sanctions Plan Draws Criticism?
131 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
What did Benjamin Netanyahu propose regarding sanctions?
Prime Minister Benjamin Netanyahu suggested that Israel could use cryptocurrency and blockchain technology to shield its economy from potential international sanctions. He indicated a need for a "bypass economy" to counter such measures.
What was the response from the Bank of Israel?
The Bank of Israel issued a rebuke, stating that cryptocurrencies cannot serve as a route to bypass sanctions. The central bank advised focusing on preventing sanctions rather than seeking alternative economic measures.
What concerns did economists raise about the proposal?
More than 100 economists warned that the plan could lead to higher unemployment, a fall in foreign investment, and a collapse of Israel's economic standing. They drew parallels to the economic situations in countries like South Africa, Iran, and Russia.
Who else criticized Netanyahu's crypto plan?
Netanyahu's political rivals also criticized the proposal. Gadi Eisenkot called it "madness," while Yair Lapid stated that Netanyahu had "gone off the rails" with his suggestions.

Read it at the source

131 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.

Left

7

Centre

14
Show 6 more

Right

24
Show 16 more

Not rated

86
Show 78 more

How did this read?

About the coverage, not about the story. We do not ask whether you agree with what happened — we have no honest use for that answer.

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