Iran

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Central Bank of Iran Bans Banks from Crypto

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Iran’s central bank has issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies such as bitcoin, citing money laundering and terrorism financing risks. However, the local crypto community in Iran believes that the ban will not affect them and some exchanges continue to operate normally. Also read: Russian Regulators Draft Law … Read more

Government of Iran Bans Foreign Fiat Currency Exchanges

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It appears that the Iranian people are losing trust in the rial as it continues to depreciate in value. In response, the government of Iran is trying to prevent them from getting their hands on foreign currency, providing another example of the need for bitcoin. We should expect to see a growth in local bitcoin … Read more

Game of Thrones Bitcoin Hacker Included in Broader Iranian Sanctions

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US Department of Justice formally sanctioned an Iranian company and nine Iranian nationals for broad, worldwide hacking schemes against government outlets, universities, energy concerns, and private companies. Among the over half dozen hackers named was the alleged perpetrator of the Home Box Office (HBO) compromise and subsequent bitcoin ransom. The wildly popular HBO drama, Game … Read more

Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and Cuba

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Concerns from Russian traders that they may be unable to access Bittrex once the exchange’s new terms of service come into effect this month appear to have been alleviated. Starting March 9th, the exchange will formally block residents of North Korea, Iran, the Crimean region, Syria, and Cuba from accessing its trading services. Also Read: The … Read more