Iran’s Use of Bitcoin to Avoid Sanctions May Fuel U.S. Regulatory Crackdown5.6

The crypto markets have been flooded with a torrent of news regarding how top government officials in the US feel about Bitcoin (BTC) and cryptocurrencies, with U.S. President Donald Trump saying that he is “not a fan” while his Treasury Secretary, Steve Mnuchin, explained that crypto is a “national security” issue.

Now, countries that are under heavy sanctions from the US are increasingly turning to Bitcoin in an effort to bypass these sanctions, which may fan the flames that move US regulatory authorities to implement heavy regulations on the crypto markets.

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