Iranian Military Unit Moved $1B in Crypto Through UK Exchanges

A sanctioned Iranian military unit moved roughly $1 billion in cryptocurrency through two UK-registered exchanges to bypass international sanctions, according to a new report from TRM Labs. The activity highlights how digital assets are increasingly being used as an alternative financial rail outside the traditional banking system. source: https://www.ethnews.com/iranian-military-unit-moved-1b-in-crypto-through-uk-exchanges/