Crypto Alliance – Russia and Iran might start using digital currencies, like Bitcoin (BTC), to bypass international sanctions, Russian news source RBC reported yesterday. Both countries are exploring ways to replace the SWIFT interbank payment system and avoid the US dollar transactions said the head of Iranian Parliamentary Commission for Economic Affairs, Mohammad Reza Pourebrahimi.

Pourebrahimi met with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, and said that collectively they have “engaged the Central Bank of Iran to start developing proposals for the use of cryptocurrency.”

Pourebrahimi made a ...