U.S.-Sanctioned Countries Such as Iran Leaning Heavily Into Crypto: Chainalysis
Name
U.S.-Sanctioned Countries Such as Iran Leaning Heavily Into Crypto: Chainalysis
Description
A new Chainalysis report details that sanctioned jurisdictions are increasingly turning to cryptocurrencies as an alternative financial lifeline. The report notes that such nations received nearly $16 billion in crypto in 2024 and highlights.
Publish date
5:00am, Wednesday, February 19, 2025
Referenced by
OFAC sanctioned jurisdictions dominate illicit Crypto flows in 2024 with $15.8B
Crypto news
News story
Users pushing stolen funds accounted for an increase in Tornado Cash's usage in 2024, amounting to more than 24% of its total inflows, according to Chainalysis
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As Western restrictions tighten, sanctioned nations are turning to cryptocurrencies and alternative financial systems to sustain trade and access capital," according to the report
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