Iran has officially approved the use of cryptocurrencies for military imports, signaling a significant shift in how nations leverage digital assets to bypass international sanctions.
Iran is reportedly using cryptocurrency, barter, and local currencies to bypass Western sanctions for arms sales, highlighting crypto’s role in global trade and its regulatory challenges.
JPMorgan freezes accounts of two stablecoin startups over sanctions concerns, highlighting the growing scrutiny of cryptocurrency companies by traditional financial institutions and regulators.
Stablecoin usage in Venezuela is expected to continue growing due to economic instability and international sanctions pressure, driving the adoption of cryptocurrencies as a stable store of value and medium of exchange.