Fincen Claims Iran Is Using Crypto to Evade Sanctions
(WorldNews Iran)

The 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 Bitcoin Transactions Estimated at $3.8M Since 2013 The U.S. organization, known as Fincen, issued the warning in an to assist U.S. banks and other financial actors such as cryptocurrency exchanges in identifying “potentially...