Chainalyis report noted that cryptocurrency serves as a critical financial lifeline for citizens in sanctioned jurisdictions, offering an alternative financial system amid economic hardship and restrictive regimes

Quotes that support claims

For many Iranians, cryptocurrency represents an alternative financial system, and the increasing use of Iranian crypto exchanges suggests that more individuals and institutions are resorting to crypto to safeguard wealth and circumvent financial restrictions

While cryptocurrency use in sanctioned jurisdictions may be associated with illicit state-controlled finance, it also represents an important financial lifeline for ordinary citizens facing economic hardship under restrictive regimes," the report said

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