Iran plans crypto strategy with BRICS to work around global sanctions

Iran's initiative to adopt cryptocurrencies for international trade is a significant move in the context of ongoing global sanctions imposed by the U.S. and U.N. This strategy was highlighted at the deBlock Summit, showcasing Iran's commitment to blockchain technology. The broader cryptocurrency landscape is currently facing challenges, as indicated by recent reports on market liquidity following the October crash. These developments underscore the fragility of the crypto market, which may impact Iran's plans as it seeks to establish a more resilient trading framework.