Home » News » CryptoWatch: Binance Transactions, Wuhan's NFT, and the View of International Banks on Digital Coins

CryptoWatch: Binance Transactions, Wuhan's NFT, and the View of International Banks on Digital Coins

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The most recent news in the cryptosphere is provided to you by CryptoWatch, which examines last week's major stories, such as the Binance transaction for Iran despite US sanctions, China's prohibition on NFT and cryptocurrencies, and the drive for digital coins by top bankers around the world. With regard to the enormous changes in the sector, it is undeniably a tornado of change for cryptocurrencies, particularly during a time of uncertainty and limitations. Binance is well-known for its cryptocurrency trading platform, but the company was recently found to be doing business with Iran, which is under US sanctions for its dealings with the rest of the world.  [caption id="attachment_59877" align="aligncenter" width="3358"]Cryptowatch guides Cryptowatch guides[/caption] The US has imposed sanctions on Iran in an effort to cut it off from the rest of the world, with a focus on the worldwide trade it does with foreign firms like Binance. However, a US blockchain analyst found that Iran and Binance have been engaging in significant trades since 2018, exchanging an enormous $7 to $8 billion. A significant Iranian bitcoin exchange called Nobitex and Binance conducted the transaction. The Nobitex website focuses on finishing the deal for various parties to still transact with international companies like Binance and explains to the public how to bypass the US sanctions to continue with their transactions.

By Jozeph P

Journalism explorer, tech Enthusiast. Love to read and write.

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