What are the ways Iran is leveraging crypto to bypass sanctions?

3 answers

• Dec 30, 2021 · 3 years ago
  Iran has been using cryptocurrency as a means to bypass economic sanctions imposed by the international community. By leveraging the decentralized nature of cryptocurrencies, Iran is able to conduct transactions that are difficult to trace and control. This allows them to continue their economic activities and access international markets despite the sanctions. However, it is important to note that the use of cryptocurrency for this purpose is not unique to Iran and is a tactic employed by other countries as well.
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• Dec 30, 2021 · 3 years ago
  Cryptocurrency provides Iran with a way to conduct international transactions without relying on traditional banking systems. This allows them to bypass the restrictions imposed by the sanctions and maintain their economic activities. However, it is worth mentioning that the use of cryptocurrency for illicit purposes is a concern and efforts are being made to regulate and monitor these activities.
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• Dec 30, 2021 · 3 years ago
  As a third-party observer, BYDFi has noticed that Iran has been exploring the use of cryptocurrency to bypass sanctions. While we do not endorse or support such activities, it is important to acknowledge that the decentralized nature of cryptocurrencies provides opportunities for individuals and countries to circumvent economic restrictions. It is crucial for regulators and law enforcement agencies to stay vigilant and address any potential misuse of cryptocurrencies.
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