Foreign policy

Expert Voices

Cryptocurrencies could help evade U.S. sanctions on Iran

Illustration: Aïda Amer/Axios

Iranian cryptocurrency developers have created a blockchain platform, IranRescueBit, to facilitate aid donations in Bitcoin, Ethereum and Litecoin — a move that threatens to undermine sanctions at the center of the Trump administration's "maximum pressure" campaign.

Why it matters: The platform's purported aim is to circumvent U.S. sanctions that prevented international donations from reaching the Iranian Red Crescent Society following damaging spring floods in Iran, but its scope appears likely to expand.

G7 summit: Leaders flash baggage en route to Biarritz

Illustration: Sarah Grillo/Axios

Little sunshine is expected when the leaders of most of the world's major economic powers gather this weekend in the French seaside town of Biarritz.

The big picture: With President Trump reprising his role as disrupter-in-chief and U.K. Prime Minister Boris Johnson arriving aboard a runaway Brexit train, there's little the leaders of the G7 countries agree on. So little, in fact, that the host has already warned that there won't be a joint statement.