Sanctioning Two Iran-Related Cryptocurrency Exchanges š®š·
Sanctioning Two Iran-Related Cryptocurrency Exchanges š®š·
Background
š” The US treasury sanctioned two exchanges on charges of helping to bypass sanctions
š„ One is active in Dubai and the other is introduced as based in Iran
š The owner and several front companies were also blacklisted
Focus
š§ The first exchange has moved a significant volume of transactions in the past two years
š” The second exchange has cooperated with several sanctioned platforms
š” This action is independent of the famous Tether stablecoin and its users' assets are safe
Consequences
š Sanctions pressure can further limit the activity of unauthorized exchanges
š Users are encouraged to use only platforms with valid licenses
ā³ Checking the registration location of the exchange before depositing has gained more importance
Conclusion
ā The new sanctions indicate US focus on Iran-related cryptocurrency transfer routes
#sanctions #cryptocurrency #exchange #Iran
Background
š” The US treasury sanctioned two exchanges on charges of helping to bypass sanctions
š„ One is active in Dubai and the other is introduced as based in Iran
š The owner and several front companies were also blacklisted
Focus
š§ The first exchange has moved a significant volume of transactions in the past two years
š” The second exchange has cooperated with several sanctioned platforms
š” This action is independent of the famous Tether stablecoin and its users' assets are safe
Consequences
š Sanctions pressure can further limit the activity of unauthorized exchanges
š Users are encouraged to use only platforms with valid licenses
ā³ Checking the registration location of the exchange before depositing has gained more importance
Conclusion
ā The new sanctions indicate US focus on Iran-related cryptocurrency transfer routes
#sanctions #cryptocurrency #exchange #Iran
Persian original Ā· View this post on Telegram ā Ā· Open in the archive Ā· š¬ Discuss in the Coin_Kurd Telegram group Ā· Educational, not financial advice.