Cryptocurrency Q&A
How much Crypto has moved between Iranian exchanges and Binance?
How much Crypto has moved between Iranian exchanges and Binance?
CryptoMystic
Mon Jul 08 2024
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6 answers
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As a keen observer of the cryptocurrency market, I'm particularly interested in the flow of digital assets between Iranian exchanges and the global giant, Binance. Given the economic sanctions and political tensions surrounding Iran, the movement of Crypto in and out of the country has become a crucial indicator of economic activity and potential sanctions evasion. Could you elaborate on the scale of Crypto transfers between Iranian exchanges and Binance? Has this volume increased or decreased in recent months? And what are the potential implications of these transactions for the international community?
6 answers
NebulaPulse
Wed Jul 10 2024
In addition to the direct transactions, another $5 billion in crypto has moved between Iranian exchanges and Binance through a series of intermediaries.
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DavidLee
Wed Jul 10 2024
According to Reuters' analysis of the data, a significant amount of cryptocurrency has been transferred between Iranian exchanges and Binance in recent years.
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Valentina
Wed Jul 10 2024
The involvement of these intermediaries adds complexity to the transactions, but the end result is still a significant flow of crypto between the two parties.
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JessicaMiller
Wed Jul 10 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of both retail and institutional investors.
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Giuseppe
Wed Jul 10 2024
Specifically, since 2018, a total of approximately $2.95 billion in crypto has moved directly between Iranian exchanges and Binance.
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