Press Release

Israel Considers Using Crypto to Sidestep Economic Sanctions

Houston Metrowire Newsroom•
Israel Considers Using Crypto to Sidestep Economic Sanctions

Israeli Prime Minister B. Netanyahu has proposed crypto as a possible way for the country to maintain financial channels if international sanctions increasingly restrict its access to the global banking system.

These ongoing discussions in Israel remind crypto industry actors like BitMine Immersion Technologies Inc. (NYSE American: BMNR) about the talk that surrounded the inception of Bitcoin. It was then argued that the digital currency was a way to break away from the traditional financial system, but the reality has turned out to be different as the two are increasingly becoming…

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