Cryptocurrencies Vs Sanctions: The Battle Of The New Decade

Iran and US example

Sanctions imposed on countries may differ in terms of severity and scope, but they are united by one thing — they negatively affect the local economy to a greater or lesser extent. Therefore, it is quite reasonable that many would like to get rid of them. Moreover, some countries, such as Iran, experience them very painfully. According to Asharq Al-Awsat reporters, only in the last two years, under the influence of US sanctions, the Iranian economy has dipped by 10–20%.

Cryptocurrencies as a salvation from sanctions

Iran’s example is far from the only one when it comes to the use of digital money with the goal of circumventing sanctions in one way or another. For instance:

Is this good or bad

All of the above looms in a rather controversial picture:

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