Iran’s surging crypto activity draws US scrutiny

<span>STORY: Crypto activity in Iran is booming. </span><span>And U.S. investigators are reportedly examining whether specific crypto platforms have facilitated sanctions evasion by Iranian officials.</span><span>Crypto transaction volumes hit an estimated $8-10 billion last year in the Islamic Republic.</span><span>As both state-linked groups and retail investors turned to digital currencies.</span><span>That was according to estimates from TRM Labs and Chainalysis.</span><span>A Treasury spokesperson referred Reuters to a September statement announcing measures the department was taking against “shadow banking” networks supporting Iran.</span><span>Iran’s mission at the UN did not respond to emailed requests for comment.</span><span>The country has been…</span>

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