**Iranian Military Uses Crypto to Evade Sanctions During Internet Blackout** In a shocking revelation, a recent report has exposed how Iran's Islamic Revolutionary Guard Corps (IRGC) exploited a nationwide internet blackout to secretly move hundreds of millions of dollars worth of cryptocurrency. This daring move highlights the regime's growing sophistication in evading international sanctions. In a country where the internet is often restricted, Iran experienced a nationwide blackout in November 2022. The blackout was reportedly triggered by a cyberattack on the country's internet infrastructure. However, the IRGC used this opportunity to execute a series of clandestine transactions involving cryptocurrencies like Bitcoin and Ethereum. The report suggests that the IRGC leveraged a network of cryptocurrency exchanges and wallets to facilitate these transactions. This allowed them to bypass traditional banking systems and avoid detection by international authorities. By using cryptocurrencies, the IRGC was able to move large sums of money without arousing suspicion. The use of cryptocurrencies to evade sanctions is not new, but the scale and sophistication of Iran's operations are noteworthy. The report implies that the IRGC has developed a robust system for managing cryptocurrencies, including creating fake identities and using intermediaries to execute transactions. This development has significant implications for the global fight against sanctions evasion. It highlights the need for more effective measures to track and monitor cryptocurrency transactions, particularly in regions with a history of sanctions evasion. In Nigeria, there are concerns about the potential for cryptocurrencies to be used for illicit activities, such as terrorism financing and money laundering. The Central Bank of Nigeria (CBN) has already taken steps to regulate the use of cryptocurrencies, banning them for use in financial transactions. The Iranian example serves as a warning to countries like Nigeria, where the use of cryptocurrencies is becoming increasingly popular. As the global financial landscape continues to evolve, it is essential for authorities to stay ahead of the curve and develop effective strategies to prevent the misuse of cryptocurrencies. The report on Iran's cryptocurrency transactions is a reminder that the fight against sanctions evasion is a continuous process that requires vigilance and cooperation from governments and financial institutions around the world.