Netanyahu Proposes Crypto Use Amid Sanctions; Report Details $104 Billion Inflow
Summarized from Ynetnews by baba
Prime Minister Benjamin Netanyahu proposed Israel explore cryptocurrency use for potential sanctions, as a Chainalysis report reveals sanctioned entities received $104 billion in crypto in 2025. Russia led with $93 billion via a ruble-backed stablecoin, while Iran, North Korea, and Venezuela also utilized digital assets. North Korea's hackers stole over $2 billion, and Venezuela shifted oil sales to stablecoins. The report noted stablecoins comprise 84% of illicit crypto transactions, prompting actions like Tether freezing sanctioned addresses.
The story in 6 lines · by baba
- Sanctioned entities received $104 billion in crypto in 2025, an eightfold increase from 2024, according to Chainalysis.
- Russia received $93 billion through a ruble-backed stablecoin, A7A5, used for cross-border trade payments.
- North Korean hackers stole over $2 billion in cryptocurrency in 2025, including a record $1.5 billion from Bybit.
- Iran's IRGC received over $3 billion in crypto for financing proxies, oil trading, and procurement.
- Venezuela's state oil company shifted oil sales to USDT stablecoins to avoid frozen proceeds.
- Stablecoins account for 84% of illicit cryptocurrency transaction volume, Chainalysis reported.
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