US Senators Express Security Concerns Over Iran’s Cryptocurrency Mining Sector

Iran has been under sanctions from the U.S. and other international bodies since 1979. A letter warned about Iran’s use of crypto to fund attacks against Israel. The letter cited a report stating that the Iranian government preferred using “newly minted” Bitcoin as it is “less traceable.” Additionally, it was reported that Bitcoin miners in Iran generated $1 billion in revenue in 2021.

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