U.S. Expands Sanctions on Iran's Cryptocurrency Sector Over Oil Payments
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has expanded sanctions on Iran's cryptocurrency sector, alleging that over $100 million in transactions supported oil sales linked to the Islamic Revolutionary Guard Corps (IRGC). This move is part of a broader strategy to curb Iran's use of digital assets for illicit activities, including oil payments facilitated by a UAE-based broker.
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OFAC Targets Ministry of Intelligence, Crypto-for-Oil Payments in Latest Iran Sanctions
Summary As part of the Treasury’s newly launched Operation Economic Outcast, OFAC issued a first-ever sectoral determination covering Iran’s digital… The post OFAC Targets Ministry of Intelligence, Crypto-for-Oil Payments in Latest Iran Sanctions appeared first on Chainalysis .
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’s crypto sector, cites over $100M in oil-linked payments
The US Treasury expanded sanctions to Iran’s digital asset sector, alleging a UAE-based broker processed over $100 million in crypto for oil sales.