{"id":28479,"date":"2025-08-27T11:45:59","date_gmt":"2025-08-27T08:45:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28479"},"modified":"2025-08-27T11:50:16","modified_gmt":"2025-08-27T08:50:16","slug":"irans-cryptocurrency-transactions-drop-by-11-over-seven-months","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/irans-cryptocurrency-transactions-drop-by-11-over-seven-months\/","title":{"rendered":"Iran&#8217;s Cryptocurrency Transactions Drop by 11% Over Seven Months"},"content":{"rendered":"<p>The volume of cryptocurrency transactions in Iran from January to July decreased by 11% compared to the same period in 2024. The main reasons cited are the <a href=\"https:\/\/forklog.com\/en\/news\/hackers-breach-iranian-exchange-nobitex-for-81-7-million\">hack<\/a> of the Nobitex exchange and capital outflow due to political tensions, according to a report by <a href=\"https:\/\/www.trmlabs.com\/resources\/blog\/irans-crypto-economy-in-2025-declining-volumes-rising-tensions-and-shifting-trust\">TRM Labs<\/a>.<\/p>\n<p>Analysts calculated that the total transaction volume amounted to $3.7 billion. The decline intensified after April: in June, it exceeded 50% year-on-year, and in July, it reached 76%. Nobitex maintained its dominant position, processing over 87% of all transactions in the country. Of the $3 billion that passed through the platform, $2 billion was attributed to the TRON network.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcbA7Ym3ufFQU3_0TRXmGn9DLL90XMzXvct-nh_szxyv7tr1YnH87hx6F5oreG6NAx6MSZ7Pg5P01x74utUk0nPfHxzGeN54Yx1AQcWJNQx4eJLR_MIvaXXQyfbpSfsPm14dsEeCA?key=MeIj0wu3t2uPXO6ZfzUcQg\" alt=\"Iran's Cryptocurrency Transactions Drop by 11% Over Seven Months\"\/><figcaption class=\"wp-element-caption\">Source: TRM Labs.<\/figcaption><\/figure>\n<p>The hack of Nobitex undermined user trust in local platforms. The incident was claimed by the pro-Israeli hacker group <span data-descr=\"predatory sparrow\" class=\"old_tooltip\">Gonjeshke Darande<\/span>. <a href=\"https:\/\/forklog.com\/en\/news\/hackers-expose-source-code-of-iranian-exchange-nobitex\">The leak<\/a> of the source code revealed that the exchange provided authorities with access to monitor ordinary users while protecting the anonymity of VIP clients.<\/p>\n<p>In July, Tether conducted its largest freeze of Iran-linked funds, blocking 42 addresses. Following this, local users began to switch en masse from USDT to the DAI stablecoin on the Polygon network to maintain liquidity access.<\/p>\n<p>The Iranian authorities have also tightened control over the sector. In August, the country introduced a capital gains tax on cryptocurrency trading.<\/p>\n<p>Simultaneously, the state uses digital assets to circumvent sanctions: purchasing drone components, AI equipment, and funding espionage. This is facilitated by a shadow market for fake documents to bypass <span data-descr=\"know your customer\" class=\"old_tooltip\">KYC<\/span> checks on exchanges.<\/p>\n<p>Back in June, TRM Labs experts <a href=\"https:\/\/forklog.com\/en\/news\/analysts-link-nobitex-breach-to-arrest-of-iranian-agents\">suggested<\/a> that Israeli intelligence might have used data from Nobitex to capture Iranian spies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The volume of crypto transactions in Iran from January to July decreased by 11% compared to the same period in 2024, according to a TRM Labs report.<\/p>\n","protected":false},"author":1,"featured_media":28480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Iran's crypto transactions fell 11% from January to July due to hacks and political tensions.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,840,1252],"class_list":["post-28479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-iran","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"201","promo_type":"1","layout_type":"1","short_excerpt":"Iran's crypto transactions fell 11% from January to July due to hacks and political tensions.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=28479"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28479\/revisions"}],"predecessor-version":[{"id":28481,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/28479\/revisions\/28481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/28480"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=28479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=28479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=28479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}