Crypto payment channels created under the pressure of sanctions—behind these $6 billion in oil transactions, the cracks in the traditional financial system are bigger than imagined.

According to a report from CoinJie Network, Iran exported 80 million barrels of oil worth about $6 billion before the US blockade, and cryptocurrency played a key role in evading sanctions. Iran’s use of cryptocurrency highlights the potential vulnerability of the global financial system and has prompted increased regulatory scrutiny.