The Middle East continues to warm to cryptocurrencies:
Iran has reportedly registered its first import order purchased via cryptocurrency.
The Iranian news outlet Tasnim reported today that the crypto amount is worth $10 million.
The outlet left out numerous details on the order, including what the order is for and from whom, plus which cryptocurrency was used.
Cryptocurrencies will be used widely in Iran for foreign trade, according to Tasnim, which is linked to Iran’s elite Islamic Revolutionary Guard Corps. [AL-Monitor]
UAE may not be a scary entity; the Islamic Revolutionary Guard Corps definitely qualifies. So ripping them off may be less likely.
And cryptocurrency’s transparency has an impact on sanction evasion:
Cryptocurrencies is also still not used widely and its blockchain is publicly accessible. This makes it less plausible crypto will be utilized to evade sanctions to a significant degree, according to the Baffi Carefin research center in Italy.
Probably depends on how well an identity can be covered up.
