As Western restrictions tighten, sanctioned nations are turning to cryptocurrencies and alternative financial systems to sustain trade and access capital," according to the report
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U.S.-Sanctioned Countries Such as Iran Leaning Heavily Into Crypto: Chainalysis
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Chainalysis report states that in 2024, expanded US sanctions targeted the financial infrastructure of illicit activity, pushing sanctioned nations to increasingly rely on cryptocurrency to preserve wealth, sustain trade and bypass government controls
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