Chainalysis: Using cryptocurrency to pay Iran could trigger sanctions.

PANews reported on April 11 that, according to Cointelegraph, blockchain analytics firm Chainalysis stated that shipping companies using cryptocurrency to pay potential transit fees to Iran could face significant sanctions risks. Analysts at the firm pointed out that under current sanctions, any act of providing funds to the Iranian regime could be considered "substantial support," thereby triggering sanctions from the United States and other countries.

The warning comes against the backdrop of market rumors that Iran may attempt to collect shipping tolls using cryptocurrency. Analysts say that while crypto assets can bypass the traditional financial system for cross-border payments, their on-chain transactions are highly traceable, making them easier for regulators to identify and track back to the fund withdrawal stage.

Furthermore, data shows that Iran's Bitcoin hashrate has declined significantly recently, decreasing by approximately 7 EH/s over the past quarter to about 2 EH/s. However, the global Bitcoin network as a whole remains stable, with total hashrate maintained at around 1000 EH/s.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
A whale invested $4.7 million in WBTC and then quickly withdrew within just 15 hours, incurring a loss of $12,000.
PANews Newsflash