IRAN
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has issued an alert to financial institutions, urging vigilance in identifying and reporting suspicious activities related to the financing of the terrorist organization Hamas. The alert comes in the wake of a Hamas-led attack on Israel on October 7, 2023, which was funded through various means, including virtual currency.
Iran Completes Pre-Pilot Phase for Digital Rial
Iran's central bank has completed a pre-pilot phase for its digital rial, according to an official statement by the Monetary and Banking Research Institute. The CBDC will align with the rules governing the national currency, the Iranian rial, and be distributed among individuals and banks. Ten banks have applied to join the project, and all banks and credit institutions in Iran are expected to start offering electronic wallets for the digital currency.
Iran and Russia Seek A Gold-Backed Stablecoin
Iran and Russia are planning a gold-backed cryptocurrency. In Astrakhan, Russia began accepting Iranian goods, a stablecoin would function. Instead of utilizing dollars, rubles, or rials, the initiative would allow cross-border transactions.
Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions
Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions
Iranian Bitcoin Advocate Arrested by Local Security Forces
Sadr’s arrest came as a result of nationwide protests that were triggered by the death in custody of a young woman.
Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments
The current economic landscape in Russia is forcing both the Central Bank and the Ministry of Finance to rethink their approaches to cryptocurrencies.
Russian PM Considers Digital Assets for Cross Border Payment
Mikhail Mishustin, the Prime Minister of Russia, has hinted at the need to incorporate digital assets into the country’s economy as a way to ensure sustainable payment for goods and services in international trade.
Iran Transacts World's 1st International Import Order Worth $10M Using Crypto
Iran has made the first-ever importation of goods using crypto, according to Alireza Peyman-Pak, the Vice Minister of Industry, Mine & Trade.
Kraken Under Probe for Allegedly Violating US Sanctions on Iran
The US Treasury Department is investigating Kraken on suspicion that the crypto exchange allowed Iranian users to use its trading platform despite federal sanctions on the middle eastern country.
Iranians Permitted to Trade on Binance, Despite US Imposes Sanctions: Reuters
Reuters said Binance exchange permitted Iranian users to trade on its platform after the United States reimposed sanctions on the country in 2018.
Iran to Introduce Additional Penalties for Illegal Crypto Mining
The Iranian government is going to pass new regulations to increase the penalties for illegal cryptocurrency mining using subsidized electricity.
Four Years Down the Line, Iran's Pilot National CBDC is Ready
The Central Bank of Iran (CBI) is taking its favour for digital innovation to a new level with the possibility of introducing its Central Bank Digital Currency (CBDC) within a short time.
Iran to Allow Digital Currency Payments for International Trade
Iran is notably about to double down on its love for digital currencies as a local media platform, Mehr News reports the country is on track to accept cryptocurrencies for international transactions.
Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season
Iran is banning cryptocurrency mining for the second time this year in order to reduce the strain on the nation’s power grid.
Iranian Crypto Miners get Cut Off as Country Activates Energy Saving Mode
The Iran Grid Management Company, also known as the Tavanir, has cut off the power supply to the country’s licensed cryptocurrency miners, a significant step against its backing for the controversial adventure.