Why are politicians and sanctioned states embracing crypto?
Bitcoin is falling, yet cryptocurrency is spreading beyond investing into politics, sanctions and global finance.

Bitcoin is falling, yet cryptocurrency is spreading beyond investing into politics, sanctions and global finance.

![Reform UK leader Nigel Farage reacts next to Reform UK by-election candidate Rob Kenyon as they arrive during the Makerfield by-election, triggered by the resignation of Labour MP John Simons, at St. Aidan's Parish Centre, Wigan, Britain on June 18, 2026. [Temilade Adelaja/Reuters]](https://aljazeeranews-3fuh52rgrl.edgeone.app/wp-content/uploads/2026/07/image-1783437564.jpg?resize=770%2C513&quality=80)







The world’s most popular cryptocurrency has lost about one-third of its value since the start of the year.
The world’s most popular cryptocurrency has fallen nearly 20 percent in value since the start of 2026.
Workers in ‘risky’ industries and many religious and ethnic groups have been denied access to financial services.
Legislation signed by President Serdar Berdimuhamedov establishes a licensing scheme overseen by country’s central bank.
President Donald Trump, the majority shareholder for Trump Media, has actively championed the growth of cryptocurrency.
President Touadera’s decision to stand for a third term has drawn criticism from opposition groups and civil society.

A rural Texas community says nonstop noise from a bitcoin mine is destroying their lives.
The dip comes amid doubts on future interest rate cuts by the US Federal Reserve.
Police seized 61,000 Bitcoin from Zhimin Qian, 47, as part of a years-long money laundering investigation.
Zhao is a convicted criminal who founded the world’s biggest cryptocurrency exchange.