00:01 Speaker A

how crypto exchange became a major hub for illicit Iranian cash. Iranian entities have moved more than 3.84 billion in transactions through the crypto exchange Coin X, according to an analysis of public blockchain data. So we’ll dig into that story in a moment, but it’s interesting to note that the favored exchange years ago in Iran was Binance. But Binance actually chose to have strict compliance, KYC and effectively cut off

00:39 Speaker A

all the sanctioned entities or anywhere that there could be questionable ties to a regime. So as Binance sort of exited, that left a vacuum for another exchange, uh, with ties to China that is called Coin X. So first, Binance becoming compliant and doing all the…