Europe May not Need Bitcoin to Circumvent U.S. Sanctions

The Trump administration has been responsible for the recent wave of economic sanctions placed on several countries. The most notable on this list has been Iran. The two country’s tense history around the accumulation of resources needed for atomic weapons has also added an element of global concern. 

But as reports roll in of Iranians using bitcoin to circumvent these blockades, Europe has proposed an alternative.

The European SWIFT: INSTEX in Action

The greatest pain point in the abrasive politics of Trump has indeed revolved around the nuclear deal with Iran. In 2015, the Middle Eastern country agreed to put a cap on any nuclear-related activity, as well as allow third-party inspections to verify their commitments. This has meant putting a limit on Iran’s uranium stockpile,…

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