When it comes to cryptocurrency and blockchain, chief among the technology’s promise has been an open financial system for all, where all economic activity occurring within its systems is censorship resistant. In theory, if these systems are allowed to fully mature, it will diminish the effectiveness of a geopolitical tool the U.S. and other economic powerhouses have successfully wielded for decades: sanctions.
This brings us to Iran, the Islamic Republic that has been a target of economic sanctions by the U.S. and the U.N. since Iran’s 1979 Islamic revolution. Over the years, a wide assortment of sanctions has been applied to Iran.
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