How rogue nations using cryptocurrencies to evade sanctions

Wall Street Journal: Iran and Russia have used virtual cash to buy drones and weapon parts, and Russia has used it to pay salaries for seafarers who smuggle their sanctioned crude around the world, according to Western officials and crypto analytics firms. North Korea, which has mastered the art of stealing crypto through hacks and other cybercrimes, has used it to buy fuel and military equipment, officials say.

Using crypto enables them to bypass traditional banks, which play a central role in policing sanctions imposed by the U.S. and others…

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