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Iran may be funding terrorist operations through revenue from Bitcoin mining, says US lawmakers
Bitcoin mining in Iran produced a possible $1 billion in revenue in 2021. Iran has used crypto to evade sanctions and fund terrorist groups, claims Senators Warren and King. Senators Warren and King want the Biden administration to outline steps taken to address threats posed by Iran's mining operations. In a letter on May 1, US lawmakers Senators Elizabeth Warren and Angus King warned of a potential national security threat from Iran's Bitcoin mining operations. They inquired about Biden's administration efforts to combat the issue. Iran government could be funding terrorism through crypto: In a letter addressed to ... (full story)