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US Watchdog Urges Blockchain Exchanges to Prevent Iran from Using Crypto

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American Financial Crimes Enforcement Network (FinCEN) claimed the Iranian regime intends to use decentralized virtual coins to dodge the international sanctions
US Watchdog Urges Blockchain Exchanges to Prevent Iran from Using Crypto
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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.

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