All by tag: Iran

Tigran Gambaryan, head of financial crime compliance at the exchange, explained that working with sanctioned countries “is nuanced”

The goal of the organization will be to work jointly on new products

The stablecoin will be accepted as a means of payment in foreign trade payments instead of the dollar, the ruble, and the Iranian rial

The exchange will also allocate $100 000 to monitor future compliance with economic restrictions

The main aim of the authorities is “to turn banknotes into a programmable entity”

According to the agency’s employees, such services allow Russia, Iran, and the DPRK to circumvent the restrictions imposed

The country’s authorities have passed a law defining the procedure of trade operations with digital assets and the supply of energy resources for mining

The country continues to ban cryptocurrency mining due to power shortages

Local traders told Reuters that they continued to use the platform’s services after the embargo was renewed, using a VPN

According to a representative of the Central Bank, the digital currency will be designed to replace banknotes at the disposal of the population

Energy consumption in the country has reached record levels, and the authorities also note possible resource shortages due to drought

The Ministry of Energy has announced the introduction of increased fines and imprisonment for violations