Treasury alleged that Iranian crypto exchanges enabled sanctions evasion whereas processing transactions related to the IRGC and regime insiders. The US Division of the Treasury’s Workplace of International Belongings Management (OFAC) has sanctioned Nobitex, Iran’s largest digital asset trade, together with three different Iranian crypto exchanges. The transfer is a part of the Donald Trump…
Placing crypto alongside shadow banking and weapons procurement means Treasury believes it is being used for actual trade settlement. US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to crypto,” alongside oil exports, shipping networks, and shadow banking channels. It is the first…
The USA has warned transport corporations that they may face sanctions in the event that they pay tolls to Iran for protected passage via the Strait of Hormuz. The US Workplace of International Belongings Management mentioned in an announcement that funds by Americans and corporations to Iranian authorities entities are usually prohibited. It added that…
