How Iran uses cryptocurrency to bypass sanctions and boost revenue

Iran has embraced cryptocurrency as a means to avoid international sanctions and make more money. Eric Lob, a non-resident scholar with the Middle East Institute's Iran program and an associate professor at Florida International University, joins CBS News to discusses his research.

#news #iran #crypto

[ReidCoffman]

In my portfolio, I'm noticing more red than green

[liliancasandra]

I do believe the crypto market will go up really high again soon so I would advise everyone to use this opportunity of the current dip to buy and invest

[jasonbarnett]

I wonder if that FTX guy got the money from Iran lol

[allenyoung]

I’m so happy I made productive decisions about my finances that changed my life forever. I’m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me., ,

[Fernando]

I lost over $70K when everything started to tank.
Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $9k profits weekly.Thanks so much Mrs Emma Roberts.

[hught]

Crypto is used by the underground world to exchange money for goods and services. Not just Iran, Russia, North Korea, drug cartels, terrorist funding, arm dealers, human traffickers, tax evasion etc etc. The issue is why doesn’t the US and EU etc ban crypto within it borders like how the US bans online Caribbean gambling sites and other currencies from being used in their borders considering the crypto market is used by the underground community. Maybe perhaps because the politicians are being paid to look the other way?

[PETE]

How would they be aware of any crypto transactions as there crypto.?

[MrMalmir]

What's "Iranian regime"??
US regime paid media have their own vocabulary.

[StopProject]

The Bitcoin image is photoshopped to read “PEE TO PEER”. Hats off to the cheeky person in the graphics department.

[gregorymathman]

Taxes are taking a toll on the low income citizens and the FEDS has alleged announced a recession but with the blockchain still incessantly in play I believe BITCOIN investors stand a great chance next year.

[lisavanoni]

Yep this is overall purpose intended for all of us globally

[pattilab]

A better question is are these sanctions even legal in the first place?

[Benzijune]

Too bad the suffering people of Iran are not benefiting from it 😢

[ErionKodra-yydu]

An interesting analysis, I still think that now the most profitable earnings is earnings on the Crypton cryptocurrency.

[AleksGurakuqi-vnck]

I think you are right, but after the collapse of the market, it will be more reliable to earn on the Crypton cryptocurrency.

[FrankensteinintoFranken-FINE.]

In the crypto market we call this news article BS.

[Anon-oncw]

Wtf I love crypto currency now! Finally a good use for them!

[paspa]

I mean, shouldn’t we have stopped the conflict, back in 2014, instead of ignoring it?

[umukaabhassan]

Tough times make strong men
Kudos to Iran for ingenuity
No more western bullying

[Herodotus__]

Sanctions do chit! Only hurt the civilians with the hope they will retaliate! That's the only reason.