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It is unlikely that this will happen, but it is impossible to completely exclude the use of cryptocurrency mining in order for Russia and Iran to bypass sanctions with the help of cryptocurrencies. However, international trade involves settlements in large volumes of currency. How Russia or Iran will be able to mine such volumes of cryptocurrencies in a short time. It is easier to legalize mining in your country and oblige citizens to sell certain cryptocurrencies to the state.
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Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says
Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally... See more for yourself here.