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Iran's largest exchange, Nobitex, concerns over circumventing sanctions channels spreading
Reuters questions whether Iran's largest cryptocurrency exchange Nobitex may be surpassing its platform role to become a parallel financial channel for sanctions evasion, involving transactions with sanctioned entities such as the central bank and IRGC, with amounts ranging from tens of millions to hundreds of millions of dollars. Nobitex denies conspiracy, stating it is restricted by government intervention, and its founder comes from a powerful family. The incident highlights the role of cryptocurrencies in sanctioned environments and data uncertainties.
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