2022-2-25 01:19 |
“If a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin," said Mati Greenspan. origin »
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Global RADAR, a leader in client onboarding, customer due diligence, sanctions screening and transaction surveillance has announced that they will now be accepting payment in...
2021-12-10 09:26 | |
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With the latest amendment to the legislation, Iran has become the first country to use cryptocurrencies at a state level for import funding. The Iranian Cabinet amended legislation to redirect digital currencies into the funding mechanism of the Central Bank of Iran (CBI) for imports, as per the report by the official The Islamic Republic […] The post Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions first appeared on BitcoinExchangeGuide.
2020-10-31 19:08 | |
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According to a recent report citing the Islamic Republic News Agency (IRNA), Iran has just become the first country to use Bitcoin (BTC) as a legal means of exchange. The country made this move due to the most recent wave of sanctions by the US’ Treasury Department.
2020-10-30 12:15 | |
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Iran is ripe for Bitcoin adoption, as the leading cryptocurrency is becoming increasingly relevant due to the US sanctions and the consequences of the COVID-19 pandemic. So much so, in fact, that even the elderly citizens of the country are losing confidence in the nation’s fiat currency, the rial, and are looking for an alternative.
2020-9-25 13:05 | |
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Iran has gradually become one of the leading crypto-mining hotspots in the world after China. The country turned to crypto amid growing concerns over its economy due to inflation and sanctions from the United States.
2020-9-23 19:23 | |
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Paxful, the North American P2P Bitcoin trading service provider, is exiting the lucrative Venezuelan market according to an email shared with its clients on September 15. The firm notified its Venezuelan users that they have a month to withdraw their funds and will no longer be facilitating the creation of new accounts by prospects residing […] The post P2P Trading Platform, Paxful, Exits Venezuela; Due to Regulatory Risks From US Sanctions first appeared on BitcoinExchangeGuide.
2020-9-15 17:15 | |
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Venezuela has made a major change to its policy which offered subsidized fuels to its citizen amid a shortage of fuel across the country due to American sanctions. The policy change would mean that now, Venezuelans would have to pay for the fuel which they got almost for free under subsidies of the government. The […]
2020-6-3 21:34 | |
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Iran is inching closer towards the financial crisis due to sanctions, but the country might still turn to cryptocurrencies for help. Iran is in a bad place right now, as the US officials state that the country’s finances might be in a worse situation than they believed.
2019-12-5 14:30 | |
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Russia Mining Company (RMC) has taken over the facility of the now-defunct Nadvoitsy Aluminium Plant in the northern Karelia region, which ceased operations in 2018 due to U. S. sanctions. RMC plans to turn the aluminum plant into a mega Bitcoin mining farm that would control 20 percent of the world’s bitcoin (BTC), according to reportsRead MoreRead More.
2019-10-31 20:00 | |
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Iran experienced one of the worst floods in history this March which continued till April. The country received its heaviest rainfall in 70 years, flooding 28 provinces and killing 76 people. The catastrophic floods caused an estimated $2.
2019-8-14 12:53 | |
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Soyuzmash, the Union of Machine Builders in Russia, has asked the Central Bank for permission to accept Bitcoin and stablecoin payments for weapons deals. This, they claim, will help them to circumvent US and international sanctions.
2019-7-26 15:00 | |
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Several countries across the world have joined the Bitcoin and cryptocurrency bandwagon, either in full or partial capacity. China, Russia, and Iran have made news in the cryptocurrency industry either due to positive adoption or because of integrating the ingrained technology for their own use cases.
2019-7-14 22:00 | |
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The Finnish crypto P2P exchange now bans Bitcoin trading in Iran, most likely due to sanctions imposed by the US
2019-5-24 14:30 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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As many of our readers are probably well aware of, the South American nation of Venezuela is currently in the midst of its worst ever financial crisis— with inflation rates currently at an all-time high due to a host of international economic sanctions that have been levied against the nation. As a result of all […]
2019-3-11 19:42 | |
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Iran has unveiled a new state-backed cryptocurrency called ‘Payman’. The cryptocurrency will be used by Iran to try and circumvent sanctions imposed on it by the United States. Due to the sanctions, the country’s financial network has been isolated from SWIFT, making it almost impossible for it to operate its imports and exports.
2019-2-8 16:04 | |
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Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.
2019-2-8 17:22 | |
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The Islamic Republic of Iran recently launched a gold-backed crypto coin called the Peyman. It has come about due to cooperation between the Ghoghnoos Company and four banks. These four banks are Bank Pasargad, Persian Bank, Bank Mellat, and Bank Melli.
2019-2-1 20:08 | |
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Iran could unveil its state-backed cryptocurrency by the end of the week, as the country keeps looking for ways to avoid the harsh sanctions imposed by the U. S. , Al Jazeera reported on January 27, 2019.
2019-1-29 16:00 | |
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Eurasian Economic Union (EAEU) Backed Virtual Currency Inevitable Says Russian Minister A major Russian media outlet has reported that their Finance minister thinks Eurasian Economic Union (EAEU) backed crypto is inevitable due to the United States sanctions.
2018-12-23 19:08 | |
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Russia’s Ministry of Finance believes that creation of a single digital currency backed by Eurasian Union is inevitable due to U.S. sanctions
2018-12-22 21:33 | |
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Iranian people turn to Bitcoin mining due to economic difficulties caused by U.S. sanctions and still manage to profit in the current market slump thanks to low power costs
2018-12-20 19:02 | |
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Iran is about to launch its Rial digital currency, which is being developed by the Informatics Services Corporation. According to the agency’s CEO, Seyyed Abotaleb Najafi, the coin will support… The post Iran Close to Shifting Rial to Digital Currency Due to Sanctions appeared first on CoinCentral.
2018-11-17 23:53 | |
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Rogue state Iran has reportedly announced details about its plans to launch and support its own national cryptocurrency, in an attempt to evade sanctions imposed by the Trump administration. Iran Cryptocurrency Will Be Backed By Rial The Republic of Iran is facing an economic crisis due to United States-led sanctions, and its rial fiat currency.
2018-8-30 21:00 | |
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Iranian Hotels Will Take Cryptocurrency As Payment Method Due To U. S Sanctions In a Twitter post made by Co-Founder of Hong Kong Bitcoin Association (HKBA), Leo Weese, it has been noted that an Iran hotel booking agency will now be accepting cryptocurrencies.
2018-7-24 09:40 | |
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The U. S. Treasury’s Office of Foreign Assets Control has imposed sanctions on two individuals and a company in the United Arab Emirates for facilitating North Korea’s illicit use of digital assets.
However, the new law doesn't lift the existing ban on crypto payments inside the country.
Lithuania has imposed a €9.3 million ($10.07 million) fine against local cryptocurrency firm Payeer over sanctions violations, Reuters reported on Wednesday. Specifically, Lithuania’s financial crimes watchdog, the Financial Crimes Investigation Service (FNTT), penalized the regulated crypto company for facilitating the…
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million.
The laws are to ensure sanctions rules are applied uniformly across the EU's 27 member states.
Moscow wants to establish an autonomous BRICS payment system, leveraging digital currencies and blockchain in an effort to decrease its dependency on the U.S. dollar. In an interview with the Russian state-owned news agency TASS on Feb. 5, Kremlin aide…
The U.S. government tagged a number of bitcoin and ether addresses as being tied to the LockBit ransomware group, which was taken down on Monday.