TEHRAN (Realist English). As part of the recent economic forum in the UAE Abu Dhabi Finance Week 2022, interesting details emerged about the mechanisms for circumventing Western sanctions, which Iran has successfully did for many years.
Having found itself under prolonged sanctions, the country did not slow down in development, but was able to make an economic miracle — a technological breakthrough with the development of peaceful atom, the rocket science, the mechanical engineering, the creation of one of the strongest progressive world economies.
Now, Iran claims to become a civilizational center. But these claims have deen secured (including) with the help of blockchain. In particular, data from the Binance crypto exchange, controlled by the United States, surfaced. According to these data, about $7.8 billion came to Binance from Iran’s largest crypto exchange, Nobitex.
Three quarters of the declared funds came to TRON (TRX). In addition to TRX to circumvent the sanctions, the Iranians used bitcoin (BTC), ether (ETHE), tether (USDT), XRP and litecoin (LTC) for the same purpose. The US Department of Justice launched an investigation against Binance (thanks to which these figures became known). But this is just one of the cryptocurrency channels through which Tehran worked. There are exchanges that are not controlled by the United States.
The cryptocurrency system itself was originally conceived as an alternative to the global banking system. With all the parasitic disadvantages of the cryptosystem, it is this quality that is its main and indisputable advantage, which is skillfully used by intelligent civilizations.
The only method of war with blockchain available to Anglo-Saxon financial feudal lords is physical pressure on issuers of digital assets: on the crypto exchanges, on the P2P platforms, on the tokenizing platforms. But this method is not a panacea. There are many countermeasures against it. Therefore, the Iranian experience of breakthrough development of industry and science under sanctions should be studied in textbooks on the economy of the future.
The country has performed a strategic miracle by taking advantage of the digital underground. Thus, Iran has made a significant contribution to the collapse of the fiat financial system, built on the virtual ambitions of a mad printing press.
