Iran charges tankers a bitcoin toll for passing the Strait of Hormuz, and gives their captains a few seconds to pay. North Korea robs an exchange of a billion and a half dollars in a single operation. Russia designs a stablecoin of its own, deliberately built without a freeze function. Evading sanctions with cryptocurrency has … Continue reading The Shadow States: How Iran, Russia, and North Korea Turned Cryptocurrency Into the Infrastructure of Sanctions Evasion