EXCLUSIVE – How Trump’s Crypto Venture and Iran’s Top Exchange Tapped Into the Same...
By Tom Wilson and Gavin Finch
LONDON, May 18 (Reuters) - When customers of Iran’s largest crypto exchange needed to move billions of dollars, networks created by two of the industry’s biggest players served as conduits.
And from the early stages of President Donald Trump’s flagship digital...
Women-Led Home-Based Businesses Devastated by Internet Blackout in Iran
By Kayhan Life Staff
Home-based businesses in Iran engaged in activities such as handicrafts and ecotourism have been devastated by the Internet blackout in force since the Feb. 28 outbreak of the war with the...
US Issues Alert to Banks on IRGC Efforts to Evade Sanctions
WASHINGTON, May 11 (Reuters) - The United States on Monday issued an alert to financial institutions warning of efforts by the Islamic Revolutionary Guard Corps' to evade U.S. sanctions, as concerns mount of a resumption of...
Iranian Workers Face Job Losses, Increasing Poverty
By Roshanak Astaraki
May 1 marked International Workers’ Day, also known as Labor Day in some countries. For Iranian workers, however, the day was far from a celebration of their contributions to the economy and...
Iran’s Economic Crisis Hits Women Hardest As They Suffer Mass Layoffs
By Kayhan Life Staff
Women in the workplace in Iran are suffering mass layoffs because of the prolonged internet shutdown in Iran -- now into its third month -- and the ongoing war.
Traditional views about...
Dubai Chefs Shrink Menus As Iran War Makes Tomatillos, Scallops Harder To Source
DUBAI, May 1 (Reuters) - Dubai chef Shaw Lash at Mexican restaurant Lila Molino flies in her avocados and tomatillos, small, tart green fruits native to Central America that are a staple of Mexican cuisine and...
Iran’s Rial Drops to Record Low as Ceasefire Prompts Rush for Hard Currency
DUBAI, April 29 (Reuters) - Iran's currency dropped to a record low of 1,810,000 rials to the U.S. dollar on Wednesday, the Iranian Student News Agency (ISNA) said, as demand for foreign exchange that built up during six...
US Imposes Sanctions On 35 Individuals, Entities For Aiding Iran’s Sanctions Evasions
By Andrea Shalal
WASHINGTON, April 28 (Reuters) - The U.S. government on Tuesday said it was imposing sanctions on 35 entities and individuals for their role in Iran's shadow banking architecture, accusing them of facilitating the movement of...
US Treasury Chief Says Businesses Working With Iranian Airlines Risk Sanctions
https://kayhanlife.com/authors/iran-war-spurs-travel-dollar-black-market-linked-to-smuggling-rings/
By Kanishka Singh
WASHINGTON, April 27 (Reuters) - Businesses working with Iranian airlines risk U.S. sanctions, Treasury Secretary Scott Bessent said on Monday, calling the warning a part of a campaign to put economic pressure on Tehran amid...
Iran War Spurs ‘Travel Dollar’ Black Market Linked to Smuggling Rings
By Roshanak Astaraki
Since the outbreak of war initiated by Israel and the United States against the Islamic Republic of Iran, an underground market has emerged within Iran’s currency exchange sector.
In this market, buyers who...
