Adoption of CBDC for commerce could redefine financial cooperation and enhance trade security and transparency between the two nations
Amid the backdrop of heavy sanctions, Iran and Russia are exploring the use of Central Bank Digital Currencies (CBDCs) to facilitate trade. Rahimi Mohsen, the trade attaché of the Iranian Embassy in Russia, highlighted the potential of CBDCs to simplify transactions and mitigate sanctions' impact.
They are concerned over the possibility the Iranian government is using crypto to circumvent U.S. sanctions and finance terrorristserrorist activities against U.S. allies
Senator Tim Scott says Washington D.C.'s attack on crypto is disproportionate and overlooks other terrorism funding sources