English transcript

Countries like Iran, for example, last five years, they've been using Bitcoin mining as

a way to get around sanctions.

So they almost hit about 6% to 8% of global mining, if you look at chain analysis and

chain links data, was related to global mining, about 6% to 8% of that was Iran.

And almost about 70% of the Iranian miners were owned by the IRGC.

So they were using mining as a way of getting around sanctions for a while, right?

So there are countries like that, there are countries like Russia that have used stable

coins and crypto tokens as a way to get around sanctions.

But on the flip side, there have been countries like Lebanon, which unfortunately is caught

up in this war, decimated, you know, GDP is down 40%, 300 or so banks are closed.

I mean, forget about the, you know, you cannot find a teller, the whole building has been

blown out, right?

So in that environment, we are seeing people, Lebanese citizens paying for groceries with