Bypassing Sanctions via Crypto: How Russia, Iran, and North Korea Operate

Reports detail how Russia moves nearly $100 billion annually through a dedicated currency, alongside similar methods in Iran and North Korea.

Following Prime Minister Benjamin Netanyahu's proposal to prepare for potential banking sanctions using digital currencies, details have been published by ynet and Ynetnews on how isolated regimes around the world already use such tools to bypass financial penalties.

According to the reports, Russia operates its own currency through which nearly $100 billion passes annually for financial activity and evading sanctions. Alongside this, isolated regimes in Iran and North Korea also rely on digital currencies to navigate economic isolation on the international stage.

Further details on the matter have not yet been released.