A growing body of evidence indicates that cryptocurrencies are being used to circumvent economic sanctions, and the problem is escalating, according to Chainalysis. Recent months have seen a significant volume of illicit funds flowing between Binance and Iran’s largest crypto exchange, Nobitex, the majority of which were reportedly in TRON, which enables easy user anonymity. The flow of crypto between the two firms reportedly allowed Iranian companies to carry out $8bn in trading in violate of US sanctions targeting Iran. Other data compiled by Chainalysis reveals that last year, illicit transactions involving crypto rose for the second consecutive year, hitting an all-time high of $20.1bn. Forty-four per cent of that total deal flow was reportedly activities involving sanctioned governments or organisations. Governments and regulators are stepping up their enforcement efforts to ensure that sanctions are enforced.
- Crypto News
- GemHunter
- April 21, 2023
Report Issues Warning on Continuing Sanctions Avoidance Using Cryptocurrency
- 0 views

GemHunter
Founder GemHunter.Pro
Tags
Subscribe
Please login to comment
0 Comments
Inline Feedbacks
View all comments
What's the Magic Number? My XRP Purchase Strategy Unveiled!
June 7, 2023
0
GemHunter
The author has not purchased XRP for over a year due to its plummeting price. They remain hesitant to invest given the current bear market affecting all cryptocurrencies, including those they love such...
"Unleash the Power of PepeAI 🐸: Unveiling the New Revolutionary Crypto Project for the Moon and Beyond!"
June 7, 2023
0
GemHunter
Pepe AI is a new cryptocurrency project launching on May 4th that combines the popular meme Pepe with artificial intelligence (AI). The project aims to capture the attention of the crypto community through...
The NFT Market is Projected to Exceed $200 Billion by 2030.
June 7, 2023
0
GemHunter
Non-fungible tokens (NFTs) are predicted to have a significant impact on the global economy, transforming the way value and ownership are perceived in both the digital and physical worlds. The NFT market,...
More Digital Currency is Not Necessary
June 7, 2023
0
GemHunter
US Securities and Exchange Commission (SEC) Chair Gary Gensler has said the world does not need more digital currencies. Gensler, who has held a firmly anti-crypto stance since taking office, made his...
"Can XRP Experience a Whopping 1271% Surge After Recent Dip?"
June 7, 2023
0
GemHunter
The video discusses the correlation between XRP and Dogecoin, which has been observed for some time. The content analyzes the correction percentage of Dogecoin and compares it to XRP’s current price,...
Get Ready to Discover the Top 10 Altcoins Poised to Rule the Crypto World in the Post-Bear Market Era!
June 7, 2023
0
GemHunter
A video on Creative Busy discusses the current bear market in crypto and its effects on global economics. The Federal Reserve raising interest rates by 0.75% and deflation concerns have impacted the cryptocurrency...
Top Lawyer Claims Industry's Input is Crucial for Crypto Regulation
June 7, 2023
0
GemHunter
Lawyer Claire Cummings has argued that those who understand crypto should lead industry regulation. Cummings is managing partner of Cummings Pepperdine, a London-based law firm operating at the intersection...
VanEck Predicts Ethereum Will Reach $50,000 by 2030.
June 7, 2023
0
GemHunter
Investment management firm VanEck has suggested an ambitious price target of over $50,000 for Ethereum by 2030, grounded in practical analysis. Understanding Ethereum’s valuation requires comprehension...
Former Co-Owner of Minnesota Vikings Imprisoned for Cryptocurrency Fraud
June 6, 2023
0
GemHunter
Reggie Fowler, the former co-owner of the NFL’s Minnesota Vikings, has been sentenced to over six years in prison for his involvement in a $750 million cryptocurrency scam. Global Trading Solutions, which...
Grab Attention with Exciting Announcement: BitBoy Crypto Launches Cardano Staking Pool - The Ultimate FUD-Proof Solution!
June 6, 2023
0
GemHunter
Cardano’s progress towards its public smart contract mainnet has attracted the attention of investors despite a 16% fall in value over the past week. Motley Fool recently named ADA as the top eco-friendly...
No posts found
Load More
Loading...
Comments
Looks great! Here's PepeBNB listed on ListingSpy.net - https://listingspy.net/token/pancakeswap/0x47fd014706081068448b89fc6baca2730977216a
Cool project
Comments
Looks great! Here's PepeBNB listed on ListingSpy.net - https://listingspy.net/token/pancakeswap/0x47fd014706081068448b89fc6baca2730977216a
Cool project