The Bank of Israel has openly rebuked a plan promoted by Benjamin Netanyahu to use digital assets as a means of evading sanctions, according to a COINOTAG report published on Oct. 25, 2026.

Update — 18:01 UTC: With the "BibiCoin" concept serving as opposition campaign material and drawing an open rebuke from the central bank, assessments in Israeli local reporting held that the plan had little chance of gaining policy traction before the country's Oct. 27 election.

The proposal's popular label plays on "Bibi," the widely used nickname of Netanyahu, the longtime leader of the Likud party who has served multiple terms as Israel's prime minister.

The Bank of Israel is the country's central bank and monetary authority, the institution charged with overseeing the country's monetary framework. International sanctions typically restrict designated parties' access to global financial systems, which is why proposals to route value around them through alternative digital rails tend to draw immediate regulatory attention. Central banks and financial regulators around the world have repeatedly cautioned that digital assets could be used to circumvent international sanctions, and proposals along these lines generally face close scrutiny from monetary authorities. For readers tracking digital-asset policy in Israel, the public rebuke — arriving two days before the Oct. 27 election — highlights the institutional checkpoint such campaign-trail proposals confront before they could move from rhetoric to policy.

This content was first published on COINOTAG: https://en.coinotag.com/bank-of-israel-rejects-netanyahu-digital-assets-sanctions-plan