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.

However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are willing to go to make this a reality.

“For decades, U.S. adversaries have been trying to evade and undermine this power, but there has been no way to conduct significant international commerce without moving through the pipes of the U.S.-led global financial system. Now, however, new pipelines are being built,” the Foundation for Defense of Democracies (FDD) stated in the study.

Weaponizing crypto to resist US economic pressure

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…