Reuters recently published an update on Tron's growing popularity with Islamic terror groups, to the point that it has eclipsed BTC as the chain of choice for Iranian-backed groups.
Justin Sun's Tron blockchain is again being flagged as terror groups' go-to financing option, while Circle is catching some rare political flak for its ties with Tron.
The move was announced by the Financial Crimes Enforcement Network, identifying coin mixing operations as “a class of transactions of primary money laundering concern.”
Binance’s historical willingness to knowingly allow both Hamas and its sponsor Iran to utilize its platform because it boosted Binance’s bottom line now looks even more short-sighted.
May is taking a bad turn on Binance as the exchange is under investigation for violating economic sanctions against Russia, opening up another front in its long-running war against compliance.
After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of digital assets appears to be essential.
The Central Bank of Iran revealed that the pre-pilot phase skimmed through legal, regulatory, and technological implications for an Iranian CBDC launch.
The settlement relates to 826 transactions worth $1,680,577.10 which were processed by Kraken on behalf of individuals located in Iran, which has been subject to U.S. sanctions since 1987.
Iran is eager to make a name for itself in the global digital asset industry as it prepares for the phased adoption of its CBDC while Southeast Asia braces for more crackdowns as the market stumbles.
The Treasury claimed that the group has been targeting American institutions since 2020 with malware including APT 35, and linked it to Iran’s government.
Two weeks ago, Iran saw the first digital asset import order worth $10 million, and now, digital currency payments have become legalized in the import sector.
The country's Ministry of Trade said the order is just the start and by the end of September, the use of digital assets and smart contracts will be ubiquitous.
