Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions.

Iran, Venezuela, Russia, and China – four US foes affected by or constantly at risk of US sanctions – go “beyond mere sanctions evasion” and develop alternative global commerce payments systems outside of US influence via blockchain technology and cryptocurrencies, the study reads.

As Nicolas Maduro’s government failed to build the economic and technical infrastructure for Venezuela’s state-backed cryptocurrency, the Petro is useful to neither the South American country’s citizens nor its trading partners, the FDD argues.

Reference: https://www.ccn.com/news/russia-china-iran-weaponize-crypto/2019/07/13/

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Author: Neo Anderson

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