Iran and Russia to Use Cryptocurrency to Avoid Sanctions and SWIFT

Home / Iran and Russia to Use Cryptocurrency to Avoid Sanctions and SWIFT

At a meeting with the head of the Russian Federation Council Committee on Economic Policy Dmitry Mezentsev, Mohammad Reza Purebrakhim, Iran’s head of economic affairs said that both governments agreed to use digital money as means to escape from the influence of the dollar. Both Russia and Iran believe that crypto can be used to replace the SWIFT interbank payment system, also weakening any monetary sanctions imposed by the western countries.

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