Iran crisis puts the regime's $7.8 billion crypto shadow economy in spotlight
Iran's ongoing crisis has brought attention to its substantial $7.8 billion cryptocurrency economy, which operates largely in the shadows. The Iranian regime has increasingly turned to cryptocurrencies as a means to circumvent international sanctions and bolster its economy. This underground crypto market is seen as a critical tool for funding various state activities and maintaining financial stability amid economic turmoil. Analysts suggest that the rise of this shadow economy could have significant implications for global financial systems and sanctions enforcement. The situation highlights the growing intersection of geopolitics and digital currencies.
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