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2020-02-27 06:29:49

Iran proposes use of cryptocurrency to elude sanctions

Iran’s commander of the Islamic Revolutionary Guard Corps Saeed Muhammad has advocated the use of cryptocurrency to evade severe sanctions imposed on Iran, a local crypto news outlet reported on Wednesday. Iran, for the longest time, has been a target of several sanctions imposed by international government entities, especially the United States. The catastrophic impact these restrictions have had on this region eventually started to become apparent with the severe suffering of the Iranians provoking widespread protests against the government last year. Amid these hardships, the growing use of cryptocurrency has breathed some life into this failing economy that has