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 […]

The post Fincen Claims Iran Is Using Crypto to Evade Sanctions appeared first on Bitcoin News.

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Fincen Claims Iran 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 […]

The post Fincen Claims Iran Using Crypto to Evade Sanctions appeared first on Bitcoin News.

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