An American crime-prevention organization, the Financial Crimes Enforcement Network (FinCEN), published an open letter on Friday. FinCEN stated that the Iranian regime intends to use decentralized virtual coins to dodge the sanctions imposed by Donald Trump in August.
The agency addressed regulated crypto exchanges urging them to change their ledgers to prevent Iranian institutions from trading crypto.
As it became known recently, despite the fact that Iranian authorities are banning crypto exchanges and the use of virtual coins, traders still access P2P exchanges or use the VPN technology to access regular trading platforms.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov