Iran and Russia: Teaming up for Cryptocurrencies at Finex Conference

Exploring Blockchain and Cryptocurrency Potential

Representatives from these two nations recently huddled together at the hip International Financial Industry Exhibition (Finex) conference held in Tehran . Their mission? To dive deep into the world of blockchain and cryptocurrencies with a specific focus on exchanging Russian rubles for Iranian rials . Talk about breaking barriers .
Let’s take a step back and remember why these countries are so eager to cozy up . Both Iran and Russia have been hit hard by hefty international sanctions courtesy of the United States and the European Union . Russia got a slap on the wrist for stirring up the Ukraine war while Iran’s nuclear weapons program raised a few eyebrows.

Paving the Way for Economic Independence

But lately it seems like these historical allies are warming up to each other even more . They’ve been shouting from the rooftops about the urgent need to decrease reliance on the almighty US dollar and kick American influence to the curb . And guess what tool they’re eyeing for the job? Blockchain technology baby . Since it’s all about decentralization it perfectly aligns with their agenda.

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