Sanctions - Ciphertrace

Recent headlines like the Colonial Pipeline Ransomware attack confirm that cybercrime is on the rise with no end in sight. The need for cryptocurrency intelligence built from immutable blockchain data has never been clearer. Attacks on critical infrastructure and financial institutions have accelerated at an alarming rate. The Biden administration has stated that “cybersecurity resilience”…

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This analysis by CipherTrace looks at Iran’s proposed Crypto-Rial sovereign virtual currency. We conclude that such a currency and the regulations that Iran is proposing, will in fact, result in a flourishing cryptocurrency — i.e., one that benefits the regime through increased surveillance, taxation, access to global financial markets, and evasion of sanctions. The reasoning…

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