3 resultsfor “how cryptocurrency helps Iran bypass sanctions”
Iran’s economy has for decades operated under a heavy sanctions regime that has barred Iranians from accessing the international financial system. This has helped create a vibrant local cryptocurrency ecosystem that is being used
help in designing an alternative route for their goods. ![Pakistani pilgrims return from Iran, following the Israeli strikes in Iran, at the Pakistan-Iran border crossing in Taftan, Pakistan June 19, 2025. REUTERS/Naseer Ahmed
cryptocurrency and renminbi represents only one layer of the alternative financial architecture that the war is accelerating. Beneath the on-chain economy lies a more informal but equally significant set of mechanisms – hawala networks