Divided Views Over Prime Minister's Proposal to Shift to a Crypto Economy

In depth

Prime Minister Netanyahu said Israel should consider a shift to an economy based on crypto in the event that sanctions are imposed on it. According to Calcalist, the High-Tech Headquarters responded that "our industry lives and breathes a free market and international trade".

According to Israel Hayom, an international survey by the fintech company Pioneer found that 63% of businesses worldwide already use digital currencies, 45% of them accept payments in crypto and 33% pay suppliers through it.

According to Globes, the statement draws attention to countries that have already implemented the model. Ynet wrote that the implication of a shift to a crypto economy is that the Israeli economy would become illegitimate in the world.