Tensions and Hacks Drain Billions From Iran’s 2025 Crypto Market: TRM Labs

TLDR: Iran’s 2025 crypto flows dropped 11% to $3.7B, with July volumes collapsing more than 76% year-over-year. Nobitex processed over 87% of Iranian-linked transactions in 2025 despite suffering a $90M hack in June. Tether froze 42 Iranian-linked wallets in July, its largest-ever freeze, disrupting liquidity for local exchanges. Iran enacted a new capital gains tax [...]

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