TechFlow news, according to Reuters, despite U.S. sanctions aimed at cutting off Iran's access to the global financial system, since 2018 the cryptocurrency exchange Binance has processed $8 billion worth of transactions involving Iran.
Data reviewed by Reuters shows that since 2018, approximately $2.95 billion in cryptocurrency was transferred directly between Iranian exchanges and Binance. An additional $5 billion in cryptocurrency was transferred between Iranian exchanges and Binance through intermediary layers. According to Chainalysis data, users of Nobitex began transferring Bitcoin via Binance as early as April 2018. Starting August 2020, transaction volumes of Tron between Nobitex and Binance surged. The data shows that as recently as October this year, $20 million worth of Tron moved directly between Binance and Nobitex.Source link
