Saturday, December 7, 2019
Home > Irans

Iran’s Flood Victims to Receive Bitcoin Donations via IranRescueBit

Volunteers in Iran have launched a blockchain-based platform named IranRescueBit, to enable well-meaning individuals to send bitcoin (BTC) and altcoin donations to flood victims in the country amidst the current international sanctions imposed on the nation by the Donald Trump administration, reports Aljazeera, August 14, 2019.  Iran’s Flood Victims Hoping on

Read More

Iranian Official Says US Congress is Working to Block Iran’s Crypto Mining

Saeed Zarandi, Iranian Assistant Minister of Industry, Trade, and Supply, said that US Congress is working to stop Iran’s access to cryptocurrencies and Bitcoin (BTC) mining, as reported by local news service Al-Fars on July 6.According to Zarandi, Congress considers cryptocurrency a tool for evading sanctions and money laundering,

Read More

FinCEN Lambasts Iran’s ‘Illicit and Malign’ Use of Crypto to Evade Sanctions

The U.S. Financial Crimes Enforcement Network (FinCEN) is calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanctions. The agency requested this in an advisory issued Thursday, Oct. 11.The call comes as part of a wider directive warning of the “systemic” Anti-Money Laundering/Combating the Financing of Terrorism

Read More

FinCEN Blasts Iran’s ‘Malign’ Use of Crypto to Bypass Economic Sanctions

A U.S. crime-fighting agency is urging domestic exchanges to help prevent the Iranian regime from using cryptocurrency to bypass economic sanctions. The Financial Crimes Enforcement Network (FinCEN) published an advisory Friday, stating that Iran's "illicit and malign" use of cryptocurrency to "exploit" the financial system includes at least $3.8 million-worth of bitcoin-denominated transactions every

Read More

Iran’s National Cyberspace Center Readies State-Backed Cryptocurrency Project

The National Cyberspace Center from Iran recently announced the completion of the draft for a state-backed national virtual currency project. The country is developing the project following instructions from the Iranian President Hassan Rouhani. The Supreme Cyberspace Council of Iran’s deputy director-in-charge of drafting regulations, Saeed Mahdiyoun revealed the

Read More