カテゴリー: Sanctions

Russian Developers to Help Iran Build Its Crypto-Economy

Russian Developers to Help Iran Build Its Crypto-EconomyExperts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.   Also read: Vietnam at Crossroads on Cryptocurrency Regulations Crypto Associations Sign Cooperation Agreement The document has been signed by […]

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Iran Completes Development of Rial-Supported National Cryptocurrency

Iran Completes Development of Rial-Supported National CryptocurrencyIran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas […]

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US Excludes Iran’s Central Bank from the Global Financial System

US Pressure Excludes Iran’s Central Bank from the Global Financial SystemThe Central Bank of Iran has been cut off from the global monetary system, after the Swift banking network bowed to U.S. pressure. The move leaves Iran’s 81 million citizens financially excluded and facing serious economic consequences, amidst renewed U.S. sanctions. America’s coercion of Swift attests to the stranglehold the nation exerts on the world […]

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Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions

Global Cryptocurrency Exchanges Cut Ties With Iran After New U.S. SanctionsA number of cryptocurrency exchanges have reportedly cut ties with Iran after the U.S. imposed tougher economic sanctions against the Islamic Republic. Sepehr Mohammadi, head of Iran’s Blockchain Community, told local media that Binance and Bittrex are some of the platforms to have unofficially dropped Iran from the list of supported countries to receive services. […]

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Fincen Claims Iran Is Using Crypto to Evade Sanctions

ranian Bitcoin Transactions Estimated at $3.8M Since 2013The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian […]

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U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro

U.S. Senators Push for Stronger Sanctions Against Venezuelan PetroA bipartisan group of senators in the United States are seeking strong sanctions against Venezuela’s Petro. The proposed sanctions would extend an executive order from March to prohibit U.S. residents from providing software to the Venezuelan government in its efforts to launch the Petro. Also Read: Venezuela Demands Citizens Pay for Passports With Petro U.S. Lawmakers […]

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More Banks Sanctioned for AML, Fraud-Related Violations

More Banks Sanctioned for AML, Fraud-Related ViolationsWhen societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective […]

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Wendy McElroy: Crypto and the New Cold War

Crypto and the New Cold WarThe Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 10, Part 4 Crypto and the New Cold War History is written by the victors. -Winston Churchill Success is a great deodorant. -Elizabeth Taylor The winning side of a war writes the narrative; politicians, cultural leaders, educators, and the media create […]

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Bitcoin Hits $24,000 In Iran After Government Okays Mining

Bitcoin Hits $24,000 In Iran After Government Okays MiningThe world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Also Read: Iran Officially Recognizes Cryptocurrency Mining Falling Rial, New Policy […]

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Iran Officially Recognizes Cryptocurrency Mining

Iran Officially Recognizes Cryptocurrency MiningAs economic sanctions start to bite, Iran is now looking to cryptocurrencies to ease the damage. The world’s third-largest oil-producer seeks to follow in the footsteps of Venezuela, which has issued an oil-backed digital currency called the Petro. But can Iran succeed where Venezuela is ostensibly faltering? Also read: As Zimbabweans Struggle for Cash, Even the […]

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