US EditionIran’s Booming Crypto Scene Draws US Scrutiny
7 Articles
7 Articles
Iran’s booming crypto scene draws US scrutiny
US investigators are cracking down on Iran’s booming crypto scene. Both state actors and individual investors have turned to digital currencies, for different purposes. The US Treasury is probing whether crypto platforms have allowed Iranian security forces — cut off from traditional international finance systems — to evade sanctions when seeking to move money abroad or procure goods, Reuters reported Tuesday. The country’s Islamic Revolutionary…
Rising Cryptocurrency Activity in Iran Prompts Increased U.S. Oversight
U. S. investigators are looking into whether certain cryptocurrency platforms have helped Iranian officials avoid sanctions as crypto activity grows in Iran. Last year, Iran’s crypto transactions were estimated at $8-10 billion, involving both state-linked groups and regular investors, according to TRM Labs and Chainalysis. The U. S. Treasury is examining if these platforms have […] The post Rising Cryptocurrency Activity in Iran Prompts Increas…
US probes crypto platforms over Iran sanctions evasion
Crypto activity rose sharply during bouts of social and geopolitical instability last year including during the recent protests, until the Iranian government blocked the internet on January 8 The post US probes crypto platforms over suspected Iran sanctions evasion appeared first on Gulf Business.
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