Iranian Crypto Outflows Hit $10.3 Million After US‑Israeli Airstrikes, Chainalysis Finds
Following joint US-Israeli airstrikes on February 28, Iranian cryptocurrency exchanges experienced significant outflows totaling approximately $10.3 million, according to Chainalysis data. The report highlights crypto's critical role in Iran's sanction-hit economy, serving both ordinary citizens and state-affiliated entities. With traditional banking access severed due to sanctions, Iranians increasingly rely on Bitcoin and stablecoins as hedges against hyperinflation and capital controls. Notably, half of Iran's $7.78 billion in crypto activity is attributed to the Islamic Revolutionary Guard Corps, underscoring digital assets' dual function as both economic lifeline and sanctions-evasion tool. The incident demonstrates crypto's rapid responsiveness to geopolitical shocks and ongoing regulatory challenges.
bitcoinist03/04 08:31
