Russia has looked into developing a blockchain alternative to SWIFT, the international money transfer system, and Iran, long subject to international sanctions, has done research on how it could conduct trade using cryptocurrencies, according to the report. A number of countries have reportedly explored using blockchain technology to evade economic sanctions imposed by the US . A study by FDD ( FDD ) claims Russia , China , Russia and Venezuela are all seeking to develop platforms through which cryptocurrencies could be used to circumvent the power of Iran financial institutions.
A number of countries have reportedly explored using blockchain technology to evade economic sanctions imposed by the US . A study by FDD ( FDD ) claims Russia , China , Russia and Venezuela are all seeking to develop platforms through which cryptocurrencies could be used to circumvent the power of Iran financial institutions.