The U.S. Treasury Department has officially reached a settlement with crypto exchange Kraken over alleged transactions in Iran. In a statement released by the Treasury’s Office of Foreign Assets Control (OFAC) on Monday (Nov. 28), the U.S. Treasury outlined the terms of its settlement with...
Central Bank of Iran said it will begin a pilot launch of its central bank digital currency, the crypto-rial, on Thursday (Sept. 22), a press release said. The crypto-rial’s goal will be to turn banknotes into programmable entity, and it will reportedly be high security....
Binance is defending its sanctions program after Reuters reported Monday (July 11) that the cryptocurrency exchange processed trades by clients in Iran despite United States sanctions against the country and a company ban on conducting business there. Binance told PYMNTS Monday morning that its sanctions...
Payments for India’s urea deal with Iran — its first long-term Iranian import contract for the fertilizer since 2019 — will likely be made in rupees, Reuters reported Thursday (Feb. 24). The move by India to seal a deal with Iran is in anticipation of...
January 07, 2020
A crippling cyberwar with Iran looms, but maybe not. In an interview with Karen Webster, Samuel S. Visner, director of the National Cybersecurity Federally Funded Research and Development Center (FFRDC), separates fact from fiction as to what Iran can — and won’t — do when it comes to a tech-based response to the killing of a top general. Planes won’t fall out of the sky, and the lights won’t go dark. However, one thing’s crystal clear: It’s time for U.S. firms to examine where they’re most likely to get hit.
February 04, 2024
Iran reportedly used two of Great Britain’s largest banks to get around sanctions. Santander UK and Lloyds provided accounts to front companies owned by sanctioned Iranian petrochemical companies, the Financial Times reported Sunday (Feb. 4), citing documents seen by the paper’s journalists. According to the report, the state-run Petrochemical Commercial Company (PCC) was part of a network accused by […]
November 28, 2022
The U.S. Treasury Department has officially reached a settlement with crypto exchange Kraken over alleged transactions in Iran. In a statement released by the Treasury’s Office of Foreign Assets Control...
September 21, 2022
Central Bank of Iran said it will begin a pilot launch of its central bank digital currency, the crypto-rial, on Thursday (Sept. 22), a press release said. The crypto-rial’s goal...
July 11, 2022
Binance is defending its sanctions program after Reuters reported Monday (July 11) that the cryptocurrency exchange processed trades by clients in Iran despite United States sanctions against the country and...
