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US senators call for action against cryptocurrency mining in Iran

🇺🇸 Senators Elizabeth Warren and Angus King have sent a request to the Joe Biden administration for details on combating Iran's evasion of cryptocurrency 🔨mining sanctions. They are concerned that since 2019, when Iran legalized mining, the country has earned 💵 millions of dollars that go towards financing terrorism and circumventing sanctions.

Warren and King note that 🇮🇷 Iran is one of the world's leading producers of bitcoins and uses the digital asset to 🧺 launder money, which threatens national security. They point ➡️ to the Binance #exchange , which has processed $8 billion worth of Iranian crypto #transactions over four years.

✔️ The senators are asking for information on mining revenues in Iran from 2021, the connection between digital #assets and the Iranian government, and steps to ad