Chinese officials, including at the country’s central bank, have also expressed interest in blockchain as they look to “displace the U.S. dollar as a global reserve currency,” according to the report. A number of countries have reportedly explored using blockchain technology to evade economic sanctions imposed by the US . A report by the Foundation for Defense of Democracies ( FDD ) suggests Brazil , Russia , China and Venezuela are all seeking to develop platforms through which cryptocurrencies could be used to circumvent the power of US financial institutions .
A number of countries have reportedly explored using blockchain technology to evade economic sanctions imposed by the US . A report by the Foundation for Defense of Democracies ( FDD ) suggests Brazil , Russia , China and Venezuela are all seeking to develop platforms through which cryptocurrencies could be used to circumvent the power of US financial institutions .