By Vukan Ljubojevic | TH3FUS3 Senior Writer
Bitcoin dropped to around $60,000 Wednesday following Iran's missile strikes on Israel. The strikes were in retaliation for Israel's killing of militant leaders and its aggression in Lebanon against Hezbollah. Concerns about a broader regional war involving Iran and the US have grown as Israel escalates its assault on Lebanon.
Adoption of CBDC for commerce could redefine financial cooperation and enhance trade security and transparency between the two nations
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