Tag: sanctions evasion

OFAC Sanctions and Iranian Crypto Access to Exchanges: How Restrictions Block Transactions and Force Adaptation

OFAC Sanctions and Iranian Crypto Access to Exchanges: How Restrictions Block Transactions and Force Adaptation

OFAC sanctions have severely restricted Iranian access to global crypto exchanges by blocking wallet addresses and forcing platforms to comply. Iranians now rely on risky P2P trades and shadow exchanges, while regulators use blockchain analytics to track evasion.

Iran's Crypto Strategy for International Trade: How Sanctions Shaped a Digital Workaround

Iran's Crypto Strategy for International Trade: How Sanctions Shaped a Digital Workaround

Iran turned to cryptocurrency to survive international sanctions, using Bitcoin mining and state-controlled exchanges to bypass banking restrictions. But a $90M hack and global crackdowns exposed deep vulnerabilities in its strategy.