US issues new Iran-related sanctions targeting oil shipment networks and crypto wallets
Crypto Briefing
The US Treasury has imposed new sanctions on Iranian oil smuggling networks, including the freezing of $344 million in associated cryptocurrency assets.Summary
The US Treasury Department has launched 'Operation Economic Fury' to disrupt Iranian oil smuggling networks that facilitate trade with China. The initiative involves sanctions against multiple companies and individuals, alongside the freezing of $344 million in cryptocurrency assets linked to Iranian wallets. These actions target Tehran's use of digital assets to bypass international banking restrictions for oil transactions. Analysts suggest the move could create market volatility, as the US signals a stricter regulatory approach toward foreign institutions that process transactions for these illicit networks.
(Source：Crypto Briefing)