DEEPSEEK
OFAC Cracks Down on Iranian Crypto Network Laundering $100M
The U.S. Treasury's OFAC has sanctioned Iranian financial facilitators for laundering $100 million in oil proceeds through cryptocurrencies, impacting Iran's military funding.
Nobitex Faces $90 Million Exploit Amid Geopolitical Tensions
Iran's largest crypto exchange, Nobitex, suffers a $90 million exploit, highlighting geopolitical tensions and the challenges of operating in a sanctioned environment.
OpenAI Shuts Down Covert Iranian Influence Operation Leveraging ChatGPT
OpenAI has taken action against accounts linked to a covert Iranian influence operation using ChatGPT to generate content on various topics.
Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack
Three families of victims from the Hamas attack on Israel have filed a lawsuit against Binance, its former CEO Changpeng Zhao, Iran, and Syria, alleging their support for terrorism. The suit claims these parties provided substantial assistance to Hamas, spotlighting the challenges of regulating cryptocurrency in combating terrorism financing.
Iran Joins BRICS to Reduce Reliance on Western Economic Systems
Iran joins BRICS, aiming to mitigate US sanctions and challenge Western economic dominance, amidst mixed reactions and uncertain benefits.
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has issued an alert to financial institutions, urging vigilance in identifying and reporting suspicious activities related to the financing of the terrorist organization Hamas. The alert comes in the wake of a Hamas-led attack on Israel on October 7, 2023, which was funded through various means, including virtual currency.
Iran Completes Pre-Pilot Phase for Digital Rial
Iran's central bank has completed a pre-pilot phase for its digital rial, according to an official statement by the Monetary and Banking Research Institute. The CBDC will align with the rules governing the national currency, the Iranian rial, and be distributed among individuals and banks. Ten banks have applied to join the project, and all banks and credit institutions in Iran are expected to start offering electronic wallets for the digital currency.
Iran and Russia Seek A Gold-Backed Stablecoin
Iran and Russia are planning a gold-backed cryptocurrency. In Astrakhan, Russia began accepting Iranian goods, a stablecoin would function. Instead of utilizing dollars, rubles, or rials, the initiative would allow cross-border transactions.
Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions
Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions
Iranian Bitcoin Advocate Arrested by Local Security Forces
Sadr’s arrest came as a result of nationwide protests that were triggered by the death in custody of a young woman.
