Current status of Iran's local cryptocurrency exchanges: tens of millions of users and severe US sanctions
Author: Maria Noor Maria Noor is currently working in the field of AI and is also an OSINT freelancer. She writes and publishes news articles in the field of cryptocurrency, helping to develop the new field of crypto journalism. Maria has been involved in a number of cryptocurrency projects using AI. She has a Bachelor’s in Media and Communication from the American University of Beirut (AUB). Amid escalating economic challenges and international sanctions, cryptocurrency users in Iran are becoming increasingly concerned about the security and reliability of centralized exchanges. Reports have emerged that users have faced asset freezes and account blocks on international exchanges due to transactions related to Iranian centralized exchanges like Nobitex. Because of primary and secondary U.S. sanctions, international centralized exchanges are prohibited from providing services to Iranian users. Strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations have made legal a...