A collective of 109 prominent economists and financial experts has issued a formal warning regarding Prime Minister Benjamin Netanyahu’s recent proposal to integrate cryptocurrency as a means to evade international sanctions. The experts characterized the suggestion as "puzzling" and fundamentally dangerous to the nation's economic stability.

According to the group, the primary risk involves the potential for international financial institutions to cut ties with Israel if the country is perceived as attempting to undermine global sanctions regimes. The economists emphasized that corporations, exporters, and individual investors rely on a stable, transparent financial system to operate. They warned that if Israel were to adopt a strategy of bypassing international penalties, the resulting loss of trust would likely lead to a total freeze on foreign investment and trade.

The tech sector, which serves as a cornerstone of the Israeli economy, is identified as being at the highest risk. The experts argue that tech firms require seamless access to global banking and venture capital, both of which would be jeopardized if the country were to be blacklisted or sanctioned for financial non-compliance. While the Prime Minister has touted the potential of digital assets, the signatories of the letter maintain that the risks of economic isolation far outweigh any perceived benefits of using crypto to bypass traditional financial oversight.