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logicchainstoday at 4:45 PM1 replyview on HN

It's a sad indictment of the RMB that Iran would rather use BTC for bypassing US sanctions.


Replies

nickfftoday at 5:14 PM

Iran 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.