Chainalysis: Russia, Iran, and North Korea crypto flows hit $100B
- Source
- Wall Street Journal
- Time
- 3:18 PM
- Weight
- 94/100
A recent report from blockchain analytics firm Chainalysis reveals that cryptocurrency flows involving sanctioned nations, specifically Russia, Iran, and North Korea, have reached an estimated $100 billion. The data highlights how these jurisdictions utilize digital assets to bypass international financial restrictions and move capital across borders.
Russia accounts for the vast majority of this activity, with significant transaction volumes flowing through high-risk centralized exchanges and non-compliant platforms. While Russia leverages cryptocurrency to maintain trade under heavy sanctions, Iran and North Korea have adopted distinct strategies for digital assets.