Dubai: (RightNow). Reuters reveals Iran is bypassing international sanctions by transferring cryptocurrency through illegal online gambling. The unlicensed crypto exchange ‘ShellBit’ in Dubai is involved.

The report states that since May 2024, more than $4 billion has been transferred through ShellBit. This includes a Persian-language gambling network promoted by two Iranian influencers on social media.

Denying the allegations, the influencers claim they never used their influence or social media for harmful purposes.

This issue is significant as it highlights Iran’s interference in the international financial system. It also reveals access to the payment system under the Iranian central bank’s influence.

It is noteworthy that Dubai’s Virtual Assets Regulatory Authority has taken strict action against ShellBit, and the U.S. Treasury is also taking measures against the Iranian regime.