Browsing: Iran

Banking access for five cryptocurrency exchanges in Iran will be restricted starting at 4:00 PM today, Monday, October 12, 2026, a decision that, according to one affected exchange, stems from a dispute over sharing user data.

Market research platform Bull Theory noted the cryptocurrency market’s outperformance compared to other sectors despite geopolitical tensions, macroeconomic weakness and the CLARITY Act’s failure.

A Sept. 22 report by Bloomberg, cited by Reuters, said federal prosecutors are looking into whether Binance knowingly allowed Iran to trade in violation of sanctions.

Treasury Secretary Scott Bessent said Thursday that new sanctions targeting a Bitcoin(CRYPTO: BTC) exchange linked to Iranian financier Babak Zanjani showed that crypto-based efforts to finance the Iranian regime won’t escape Treasury’s reach.

The latest Iran cryptocurrency sanctions case is another illustration of how financial proceeds from oil sales could enter the banking system. US prosecutors are investigating $61 million in crypto tied to sanctioned Iranian oil sales.