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Instead, these nations seek to cut back the efficiency of unilateral and multilateral sanctions by developing different payment systems for global commerce. It is also notable that China, Iran, and Venezuela, in particular, have restricted their citizens’ access to current cryptocurrencies as they discover creating a state-backed digital forex. At the moment, blockchain platforms are experimental and small in scale compared to the conventional monetary system, however they're evolving rapidly. Blockchain expertise could be the innovation that permits U.S. adversaries for the first time to operate whole economies outdoors the U.S.-led financial system.
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