Paying Iran in crypto could put shippers at sanctions risk: Chainalysis

Paying Iran in crypto could put shippers at sanctions risk: Chainalysis

0.29%BTC$72,880 0.60%XLM$0.1546 0.61%TRX$0.3185 0.20%XMR$338.84 1.22%DOGE$0.09275 0.73%BCH$438.49 1.05%ADA$0.2482 2.46%BNB$605.99 0.36%ETH$2,250 1.13%SOL$84.71 0.51%HYPE$41.88 0.21%XRP$1.34 0.14%USD Written by Amin Haqshanas,Staff WriterReviewed by Bryan O'Shea,Staff EditorPaying Iran in crypto could put shippers at sanctions risk: Chainalysis3 hours agoCrypto’s transparent ledger makes sanctions evasion easier to trace, allowing authorities to track and potentially freeze illicit flows. Shipping firms that turn to cryptocurrency to pay potential transit fees to Iran could face significant sanctions exposure, according to Kaitlin Martin, senior intelligence analyst at Chainalysis. Martin told Cointelegraph that under the current sanctions framework, any payments made to the Iranian regime, including those tied to passage through key waterways, could be interpreted as “material support,”

Source: https://cointelegraph.com/news/paying-iran-crypto-shippers-sanctions-risk-chainalysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound