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The Guardian - UK
The Guardian - UK
World
Tom Burgis and Michael Goodier

Iran’s central bank using vast quantities of cryptocurrency championed by Farage, says report

A closeup of a Tether coin
Iran’s central bank has undertaken a ‘systematic accumulation’ of Tether coins, Elliptic said Photograph: Justin Tallis/AFP/Getty Images

Iran’s central bank appears to have been using vast quantities of a cryptocurrency championed by Nigel Farage, according to a new report.

Elliptic, a crypto analytics company, said it had traced at least $507m (£377m) of cryptocurrency issued by Tether – a company touted by the Reform UK leader – passing through accounts that appear to be controlled by Iran’s central bank.

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