Crypto and Sanctions Evasion: Chainalysis Report

According to Chainalysis, Iran and Russia have emerged as key players in using cryptocurrencies to circumvent international sanctions.

Overall, the volume of illicit crypto transactions hit a new record in 2025, reaching $154 billion — a 162% increase year over year. Analysts point out that geopolitical pressure is increasingly pushing sanctioned states toward crypto-based financial rails.

The report also highlights the growing influence of Chinese money-laundering networks, which have transformed crypto crime into a highly organized, professional industry.

The findings underline a shifting landscape where crypto is playing a larger role in both global finance — and global enforcement challenges.
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