Will Iran Use Cryptocurrencies to Evade US Sanctions Following JCPOA Exit?

Friends, the US stands ready to aggressively apply economic and technology sanctions on Iran following its May 9, 2018 withdrawal from JCPOA. However, do not expect Iran to passively accept the reinstatement of sanctions which have crippled its economy. A key premise shared by the Cryptocurrency Academy and other entities is that Iran will actively pursue the use of trans-border trade with Russia and its other allies to evade US sanctions. Security vulnerabilities, money laundering and limited ability to monitor international trade transactions represent the dark side of cryptocurrencies. We predict that Iran is not alone, rather bad actors – whether state-sponsored or independent – including Russia, Syria, North Korean, Venezuela, ISIS and AOAP should all be on the US intelligence radar screen for using Cryptocurrencies to conduct transactions which defy international law and United Nations degrees. Bottom line: The US CIA in conjunction with the Treasury Department need to double-down on their proactive and forensic crypto surveillance capabilities to thwart illicit trade using Cryptocurrencies. Comment and subscribe today! Lawrence, CryptocurrencyAcademy (https://cryptocurrencyacademy.blogspot.com)