Author: AB News Desk

AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

Iran has been using cryptocurrency mining to swerve around US sanctions. According to blockchain analytics firm Elliptic, around 4.5% of all Bitcoin mining takes place in Iran, allowing it to earn close to $1 billon a year from cryptocurrencies that can be used to lessen the impact of U.S. sanctions.

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