Sec. 302. Findings
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Congress makes the following findings: On February 13, 2018, the Under Secretary of the Treasury for Terrorism and Financial Intelligence stated that Rogue regimes like Venezuela experiment with and use digital and virtual currencies to hide their ill-gotten gains and finance their illicit activities. Recently, for example, Venezuela announced plans to create the . petro digital currency to try and sidestep our powerful sanctions. In April 2018, the Minister of Information and Communications Technology of Iran stated that the experimental model was ready for a digital currency developed by the Government of Iran.
In June 2018, the Deputy for Management and Investment at the Directorate for Scientific and Technological Affairs of Iran stated that We are trying to prepare the grounds to use a domestic digital currency in the country … This currency would facilitate the transfer of money (to and from) anywhere in the world. Besides, it can help us at the time of sanctions. . In October 2018, the head of the Civil Defense Organization of Iran stated that cryptocurrencies can help bypass certain sanctions through untraceable banking operations .