Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

The economic impact of trading in the Forex and Cryptocurrency markets on sanctions control

Document Type : Original Article

Authors
1 Assistant Professor, Finance and Accounting Department, Iranian Electronic Higher Education Institute, Tehran, Iran.
2 Master's degree student in Finance - Financial Engineering and Risk Management, Iranian Electronic Higher Education Institute, Tehran, Iran.
3 Master of Business Administration student, Iranian Electronic Higher Education Institute, Tehran, Iran.
Abstract
This article examines the economic impacts of trading activities in new financial markets, including forex and cryptocurrencies, on the control and management of economic sanctions. Sanctions, as a tool to limit countries’ access to global financial resources, have created serious challenges for the economies of countries under sanctions. In these circumstances, decentralized markets such as forex and cryptocurrencies have been proposed as an effective solution to reduce the effects of sanctions and improve the economic situation.
Using data collected from 200 people, including financial market activists, students, and university professors, this research analyzed the role of these markets in controlling sanctions. The results show that more than 70 percent of respondents believe that activities in new financial markets can help reduce the effects of sanctions and increase capital flows. Also, 75 percent of participants believe that these markets provide faster and easier access to financial resources than traditional methods such as oil exports.
Among the main challenges identified in this research are severe market volatility, lack of clear legal frameworks and lack of access to sufficient information. However, the findings show that specialized training in the field of trading can help improve individuals’ capabilities in using these markets. 85% of respondents believe that the creation of academic disciplines related to trading and modern training can lead to the training of specialized human resources and increased economic participation.
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