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Iran’s Crypto Outflows Surge 70% in 2024 Amid Sanctions and Economic Uncertainty

Summary by TokenPost
Cryptocurrency outflows from Iranian exchanges soared to $4.2 billion in 2024, marking a 70% increase from the previous year, according to blockchain analytics firm Chainalysis. The surge reflects growing capital flight as Iranians turn to crypto amid geopolitical tensions and financial instability. Bitcoin transactions accounted for a significant portion of the outflows, driven by its censorship-resistant nature. Stablecoins also played a key r…
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The Outflow of Capital from Iran Through Cryptocurrencies Increased By “70 Percent” In 2024

A recent report published by the American company Chainalysis reveals that 39 percent of “illegal cryptocurrency transactions” in 2024 were carried out by countries under U.S. sanctions, including Iran. The report states that entities and countries under U.S. sanctions traded $15.8 billion worth of cryptocurrency last year. Financial restrictions and geopolitical tensions have pushed countries like Iran and Russia toward digital assets as a mean…

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TokenPostTokenPost

Iran’s Crypto Outflows Surge 70% in 2024 Amid Sanctions and Economic Uncertainty

Cryptocurrency outflows from Iranian exchanges soared to $4.2 billion in 2024, marking a 70% increase from the previous year, according to blockchain analytics firm Chainalysis. The surge reflects growing capital flight as Iranians turn to crypto amid geopolitical tensions and financial instability. Bitcoin transactions accounted for a significant portion of the outflows, driven by its censorship-resistant nature. Stablecoins also played a key r…

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TokenPost broke the news in on Wednesday, February 19, 2025.
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