Iran Accepting Crypto Payments for Weapons—But This May Not Help It Evade Sanctions
Iran is reportedly accepting cryptocurrency payments for weapons, a move aimed at circumventing international sanctions. Despite this strategy, experts believe it may not significantly aid Iran in evading financial restrictions due to the volatility and regulatory scrutiny surrounding cryptocurrencies. The Iranian government has been increasingly turning to digital currencies as a means to bolster its economy amid ongoing sanctions. However, the effectiveness of using crypto for such transactions remains questionable, given the potential for increased monitoring by global financial authorities.
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