Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in Crypto: The US Treasury has sanctioned two UK-registered crypto exchanges tied to Iran’s financial system, Bitcoin’s sharp reversal this week has knocked it out of the world’s top 10 assets by market capitalization. Meanwhile, Binance said it will convert its $1 billion user protection fund into Bitcoin.
The United States Treasury has sanctioned two cryptocurrency exchanges linked to Iran’s financial system, marking the first time Washington has directly targeted digital asset platforms as part of its Iran sanctions program.
In a statement on Friday, the Treasury Department’s Office of Foreign Assets Control (OFAC) said the sanctions are part of a wider move against Iranian officials and networks accused of violently suppressing people at home while using alternative financial channels to get around international sanctions.
