"The over-reliance on punitive measures has led to their growing ineffectiveness, particularly evident in the context of the US-Israel war on Iran, which may further weaken the impact of US sanctions."
"The spread of cryptocurrency as an alternative payment method has provided a way for sanctioned states to circumvent traditional financial barriers, with Iran significantly increasing its use of cryptocurrency for transactions."
"In 2025, cryptocurrency flows to sanctioned entities rose dramatically, with a 694 percent increase in value, highlighting a shift in financial practices among those facing sanctions."
"Iran's strategy of converting cryptocurrency holdings into renminbi for trade with Russia and across Asian markets illustrates a growing trend towards alternative financial architectures that challenge US dollar dominance."
Sanctions have historically failed to topple governments and instead harm citizens. Despite this, their use has expanded, particularly by the US. The US-Israel conflict with Iran highlights the ineffectiveness of sanctions, prompting a shift towards de-dollarisation and alternative trading methods. Cryptocurrency has emerged as a significant tool for sanctioned states, with Iran heavily relying on it for transactions. In 2025, cryptocurrency flows to sanctioned entities surged, with the IRGC receiving a substantial portion. Iran is converting cryptocurrency into renminbi for trade, further integrating into an alternative financial system.
Read at www.aljazeera.com
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