How US and Iran are playing a crypto cat-and-mouse game over sanctions

Iran's crypto ecosystem, valued at over $7.78 billion, has seen significant growth, with the Islamic Revolutionary Guard Corps accounting for about 50 percent of on-chain activity. The use of cryptocurrency offers a way to circumvent sanctions, allowing Iran to sell oil, buy weapons and commodities, and make imports. This has led to a cat-and-mouse race with the US, which is trying to strangle Tehran's economic options.