China, Iran, Venezuela are developing crypto in effort to dethrone US: Study

China, Iran, Venezuela are developing crypto in effort to dethrone US: Study

America’s geopolitical adversaries are banking on blockchain technology to help skirt sanctions and counter U.S financial power, according to a new report. With cryptocurrencies being adopted with increasing speed, governments in Russia, China, Iran and Venezuela are experimenting with the technology that underpins the crypto market, the Foundation for Defense of Democracies (FDD) wrote in a comprehensive analysis released on Thursday.