The U.S. Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of dollars in bitcoin to the Revolutionary Guards …
Irans
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Regulation
US Sanctions Iran’s BitBank, Zanjani Associates Over Crypto Network
by shayaanby shayaanThe US Treasury Department has sanctioned BitBank and several people linked to Iranian financier Babak Zanjani, accusing them of helping operate a …
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Mining
Iran’s Rial Crashes to a Record Low as New Sanctions Target Its Bitcoin Mining Lifeline
by shayaanby shayaanA Record-Low Rial and a New Sanctions Wave Iran’s open-market exchange rate slid to roughly 2.02 million rials per dollar earlier this …
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Regulation
U.S. Treasury extends Iran’s crypto finance crackdown to procurement networks
by shayaanby shayaanThe U.S. Treasury Department has sanctioned nine individuals and entities accused of supporting Iranian weapons procurement activities. The action targets actors based …
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Finance
Treasury Secretary Scott Bessent Says the US Is Targeting Iran’s Access to Crypto
by shayaanby shayaanUS Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to …
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Markets
Crypto payments to pass Strait of Hormuz is the next logical step for Iran’s sanctions-skirting trade network
by shayaanby shayaanThe Iranian regime has been increasingly using cryptocurrency over the last few years to facilitate cross border oil trading, according to data …
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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates …
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Iran’s role in Bitcoin mining has expanded into the global network, with estimates placing the country’s contribution at 6%-8% of total hashrate. …
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A month before bombs fell on Iran, Reuters reported that the US Treasury was investigating whether crypto platforms had helped Iranian officials …
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Markets
Exodus or firewall? Blockchain analysts clash over Iran’s crypto outflows
by shayaanby shayaanWhen airstrikes hit Iran on Feb. 28, crypto outflows from Nobitex spiked 873%, suggesting a “digital bank run” was ongoing. The reality …