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oilsmuggling
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🛢️ Iran uses cryptocurrencies to circumvent sanctions and export oil to China
Reports have revealed that Iran managed to smuggle 70 million barrels of oil into China during a short ceasefire period, valued at an estimated $6 billion. Trading in cryptocurrencies, which amounted to $7.8 billion, played a key role in helping Iran bypass the U.S. sanctions imposed on it.
━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION
#IranSanctions #CryptoRegulation #OilSmuggling #Blockchain #Geopolitics
🔗 Source: https://cryptobriefing.com/iran-smuggles-oil-china-crypto-sanctions/
Reports have revealed that Iran managed to smuggle 70 million barrels of oil into China during a short ceasefire period, valued at an estimated $6 billion. Trading in cryptocurrencies, which amounted to $7.8 billion, played a key role in helping Iran bypass the U.S. sanctions imposed on it.
━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION
#IranSanctions #CryptoRegulation #OilSmuggling #Blockchain #Geopolitics
🔗 Source: https://cryptobriefing.com/iran-smuggles-oil-china-crypto-sanctions/
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