IRGC Transfers $1 Billion via Cryptocurrency Since 2023, Report Reveals
- Scale of Transfers: The Iranian Revolutionary Guard Corps (IRGC) has transferred up to $1 billion through cryptocurrency exchanges since 2023, highlighting its financial resilience and secrecy under international sanctions, which could pose a threat to global financial security.
- Platform Analysis: TRM Labs found that 56% of transactions on the Zedcex and Zedxion exchanges were linked to IRGC wallets, indicating these platforms play a significant role in clandestine financial activities, potentially attracting regulatory scrutiny.
- Growth Trend in Transfers: IRGC's fund transfers surged from $24 million in 2023 to $619 million in 2024, with projections of $410 million in 2025, demonstrating a trend of leveraging cryptocurrency as a complex shadow banking network.
- Compliance Issues: While both exchanges claim compliance with anti-money laundering laws, Zedcex prohibits Iranian users, whereas Zedxion does not, reflecting regulatory gaps in the cryptocurrency market that necessitate enhanced oversight to prevent illicit financial flows.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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