RATE Group | Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions
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Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions

07 Nov Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions

Posted at 10:31h in Cryptocurrency News by

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Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions

Exchanges

A number of cryptocurrency exchanges have reportedly cut ties with Iran after the U.S. imposed tougher economic sanctions against the Islamic Republic. Sepehr Mohammadi, head of Iran’s Blockchain Community, told local media that Binance and Bittrex are some of the platforms to have unofficially dropped Iran from the list of supported countries to receive services.

Also Read: Bitcoin Miners Flock to Paraguay as Country Weighs its Developmental Options

Exchanges Impose Restrictions, but Assets Not Blocked

Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions

On Nov. 5, the U.S. announced severe economic sanctions against Iran that, with the exception of just eight countries, cut the rest of the world off from the country’s oil, shipping and gas market, including its financial system. An earlier…

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