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Seventy-five percent of the funds that were processed through Binance from Iran were in the form of a relatively unknown cryptocurrency called Tron, which gives users the option to conceal their identity. In a blog post last year, Nobitex encouraged clients to use Tron to preserve their anonymity and avoid funds being seized due to sanctions. The Nobitex website also advises customers to use intermediaries between its platform and foreign crypto platforms to avoid being detected or flagged.
The blockchain data analyzed by Chainalysis show that since 2018, $2.95 billion in crypto moved directly between Iranian exchanges and Binance, and an additional $5 billion in crypto transactions were done through intermediaries. This makes Binance far and away the number-one exchange for Nobitex customers, with Seychelles-based KuCoin in second place, processing $820 million in direct and indirect transactions combined.
Good.
gosh
Currency of rogue nations and crooks.
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