Crypto Sanctions 2024: How Global Restrictions Are Reshaping Crypto Use

When governments impose crypto sanctions, government restrictions that block access to traditional financial systems and target cryptocurrency use. Also known as digital asset restrictions, these measures are no longer just about stopping money laundering—they’re reshaping how entire nations survive economically. In 2024, countries like Iran and Angola aren’t just avoiding sanctions—they’re using crypto as a lifeline. Iran’s citizens rely on Bitcoin and P2P networks because the FATF blacklist, a global list that cuts off nations from international banking has frozen their access to banks, SWIFT, and even remittances. With no other way to send money abroad or buy essentials, crypto became the only option.

Meanwhile, countries like Angola banned crypto mining outright in April 2024, fearing power grid collapse. The law carries prison sentences up to 12 years and led to seizures of $37 million in mining gear. But here’s the twist: while Angola shuts down miners, Iran doubles down on them. It uses heavily subsidized electricity—paid for by citizens who suffer daily blackouts—to run mining farms that earn billions in foreign currency. This isn’t just policy—it’s survival economics. And it’s not unique. Pakistan just allocated 2,000 MW of surplus power to crypto mining and AI centers, turning energy waste into national revenue. These aren’t random moves. They’re direct responses to crypto regulations, national laws that control how crypto is used, taxed, or banned shaped by global pressure.

What does this mean for you? If you’re in a restricted country, compliance isn’t optional—it’s your only path to safety. Self-custody wallets, avoiding unregulated exchanges, and understanding local tax rules aren’t tips—they’re shields. If you’re outside these countries, you’re watching a real-world experiment: how crypto behaves under extreme pressure. The posts below show you exactly how this plays out—from dead tokens pretending to be stablecoins like Deutsche Mark (DDM), to fake airdrops targeting desperate users, to exchanges like iZiSwap that offer zero fees but zero trust. You’ll see how Iran’s mining crisis connects to global energy policy, how the FATF blacklist forces innovation, and why countries like Canada and India are writing new rules every year. This isn’t theory. It’s happening now. And what you learn here could save you from scams, fines, or worse.