Countries such as Russia and Iran may eventually use cryptocurrency mining to evade sanctions, the International Monetary Fund warned in a report. There’s a risk that sanctioned nations will leverage their energy resources — which can’t be exported — to power mining, an energy-intensive process of validating coin transactions, the IMF said. By expanding their mining operations, governments could also generate revenue directly from transactions fees.
Read more : IMF Warns of Crypto Mining as Possible Dodge on Russia Sanctions.
