US Targets Iran Crypto Sector Over $100M Oil Payments

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.

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...

US Targets Iran Crypto Sector Over $100M Oil Payments - Invest In Crypto News

The US Treasury has expanded its Iran sanctions framework to cover the country’s digital asset sector, citing more than $100 million in crypto payments allegedly used to facilitate Iranian oil sales.  On Monday, the Treasury said the Office of Foreign Assets Control (OFAC) issued sectoral sanctions determinations covering digital assets, technology, gold, aviation and shipping. The agency also sanctioned nearly 60 entities, individuals and vesse…

U.S. Moves Against Iran’s Crypto Sector, Citing $100M+ Oil Payments

The U.S. Treasury has broadened its Iran sanctions to explicitly target the country’s digital asset sector, citing alleged use of crypto payments to support Iranian oil sales. The move, implemented through new determinations by the Office of Foreign Assets Control (OFAC), expands the government’s ability to sanction not only crypto companies directly tied to Iran, but also foreign actors that participate in or provide services to that ecosystem.…