3 ms·
It's a sad indictment of the RMB that Iran would rather use BTC for bypassing US sanctions.
by logicchains 6mo ago
It's a sad indictment of the RMB that Iran would rather use BTC for bypassing US sanctions.
- nickff 6mo agoIran is already quite dependent on the PRoC as a trading partner; using RMB as their primary currency for these payments would further increase their 'counter-party risk'. That said, RMB exchange-rate manipulation may also be a significant factor in their decision.
- tim333 6mo agoI don't think RMB is freely convertible to hard currency without Chinese permission. Bitcoin largely is.