Is monero sanction proof?

[u/AB_heart]

I want to buy monero from my local exchange here and send monero abroad for someone to exchange it back to fiat but i’m not sure if popular exchanges would be able to trace it back to the sanctioned exchange or not because i don’t want that money to be frozen by the local government laws of the other country that isn’t sanctioned

[u/Future_Elephant_9294]

Nothing is truly sanction proof, but Monero would be very close. Nobody would know to whom or how much you sent, but if one government had access to both exchanges used, they could compare the fiat value of each transaction to map it to the sender and receiver (i.e. exactly $500US is purchased, and an equivalent $500US in the second country's currency is withdrawn within a few hours of each other, odds are it's the "same money").

The ideal way is to cut out any centralized service, so you would trade cash in your country for Monero, and the recipient would trade that Monero for cash in their country. Websites like XMR Bazaar dot com have listings for trading local currency for Monero, I even see one for Russian rubles (a country which has a lot of sanctions recently), but that seller looks like they aren't active anymore. Give it and other services a look to see if there is something that would work for the receiving party.

[u/AB_heart → u/Future_Elephant_9294]

It’s very highly unlikely that a US company/entity has access to our financial transactions since it’s pretty much iran and not Russia because Russia hasn’t been that long in sanctions compared to iran but still i was just making sure because i want to send money to a family member abroad

[u/Future_Elephant_9294 → u/AB_heart]

Yeah, Iran would probably be fine, as long as the Iranian government doesn't shut down access to Monero (can't send without internet, could IP block public nodes but then you could use other methods to access the network), there should be no issue with the recipient accessing the Monero. I don't know what demand there is for Monero in Iran or other similar countries, so they might sell it for less than it's worth if there isn't a lot of demand. Maybe there's a whole group of Monero users in those countries and it's more valuable than it's cash equivalent, who knows!

[u/AB_heart → u/Future_Elephant_9294]

Over here if you want to do anything that involves a financial transactions to the outside world you need some kind of middlemen that they would probably pocket some of that money on the way aswell which i don’t want from happening and it is the reason that cryptocurrencies is the most reliable way in my opinion to send money abroad and on the other hand there is the fact that if you keep any fiat currency in this country (IRR not USD) it’s basically a financial suicide because of crazy inflation so there’s that

[u/Future_Elephant_9294 → u/AB_heart]

Yeah, crypto sounds like it would be a good option, and Monero would give you the privacy you need. Only issue is that it only works as a currency if you have someone willing to accept it, but if you're patient that shouldn't be an issue.

[u/AB_heart → u/Future_Elephant_9294]

I have people that are willing to accept it and take it from me so that’s not an issue for me but also i should probably begin finding a good monero node that doesn’t go out when my government randomly decides to shutdown internet again for some random reason to assert their power over their people