US Targets Iran Crypto Sector Over $100M Oil Payments

U.S. expands Iran crypto sanctions over $100M oil payments

OFAC expanded sanctions to Iran’s crypto sector after alleging over $100 million supported IRGC-linked oil sales since 2023.

US Targets Iran Crypto Sector Over $100M Oil Payments

OFAC can now sanction foreign individuals and companies operating in or supporting Iran’s digital asset sector.

Washington Tightens Pressure On Iran’s Crypto Links & Oil

As geopolitical pressure on Iran intensifies, crypto businesses operating will face closer scrutiny of cross-border transfers and oil-linked activity.

US Treasury Targets Iran Crypto Networks in $100M Sanctions Crackdown on Oil Flows

Key Takeaways: Operation Economic Outcast, U.S. The Treasury’s move against the crypto market in Iran, gains momentum. Under the new definition, OFAC could hit foreign parties doing business with the Iranian digital asset industry. Since 2023, an Iran-related broker has facilitated upwards of $100 million in crypto transactions for oil sales, according to the Treasury. User Score8.7 Follow us on Google News The U.S. Treasury Department has laun…

US Authorizes Sanctions on Iran’s Crypto Sector

The United States has authorized new sanctions targeting Iran's crypto sector, expanding Washington's ability to penalize entities and individuals that operate within the country's digital-asset economy as part of a broader economic-pressure campaign.Read more...

US Sanctions Iran’s Crypto Sector Over $100M Oil-Linked Payments

The U.S. Treasury has moved to broaden sanctions aimed at Iran by bringing the country’s digital asset sector under a new enforcement framework. The Office of Foreign Assets Control (OFAC) issued sectoral sanctions determinations that cover digital assets and...