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The US Wants to Punish Iran for Crypto

US senators submitted two bills to Congress introducing sanctions against Iran’s national cryptocurrency, and everyone who helps in its development.


Several US senators said Iran is going to use the national cryptocurrency to circumvent existing US sanctions. They also submitted two bills to Congress to prevent this.

To be specific, the bills impose sanctions against those who help Iran with funds, services or technologies to develop a new national digital currency.

In November, the United States imposed sanctions on several Iranian Bitcoin wallets. According to the authorities, these people were directly involved in the development of malware software.

3 weeks ago

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