Tag: us sanctions

US Sanctions Backfire? How Houthi Crypto Use Threatens Global Security

US Sanctions Backfire? How Houthi Crypto Use Threatens Global Security

The Houthi rebels in Yemen, fueled by Iranian backing, are a clear and present danger to regional and global security. They are targeting international shipping lanes and undermining the fragile state of Yemen. Their despicable contempt for human life requires a strong and unequivocal counterstrike. We need to be clear...

US Sanctions Drive Yemenis to DeFi for Financial Solutions

US Sanctions Drive Yemenis to DeFi for Financial Solutions

Yemeni citizens are increasingly turning to decentralized finance (DeFi) protocols as a means of banking themselves, according to TRM Labs. Additionally, the United States continues to sanction all members of the Houthi movement. This change comes as the US officially designates them a terrorist organization.Yemen has been caught in the...