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Russia and Iran Discuss Using Stablecoin Backed by Gold for Foreign Trade
Russia and Iran are holding talks to roll out a gold-backed stablecoin that would be used as means of payment in foreign trade.
January 16, 2023
Kraken Settles With OFAC Over Alleged Violation of Iran Sanctions
Kraken agreed to pay more than $360,000 to settle with OFAC and invest another $100,000 to improve sanctions compliance controls.
November 28, 2022
Binance Accused of Helping Iranian Exchange Bypass Sanctions to the Tune of $8B
Reuters reveals that Binance has processed around $8 billion with the sanctioned Iran since 2018, putting the company at risk of violating US laws.
November 04, 2022
Iran Rushes CBDC Pilot Launch After Using Crypto for Foreign Trade Last Month
Iran recently announced they plan to launch a CBDC pilot on 22nd September.
September 21, 2022
Iran Turns Around on Crypto, Approves Imports and Mining
Iran has legalized the use of digital assets for the import of goods and items.
August 30, 2022