U.S. Treasury Department Takes Action to Sanction Wallets Related to Iran: Cryptocurrency Becomes a New Battlefield for Sanctions


U.S. Treasury Secretary Scott Bessent announced that the Treasury is imposing sanctions on multiple wallets related to Iran and stated that it will track and combat all activities related to the regime's finances.
Tether has assisted the U.S. government in freezing two wallets associated with Iran, with a total value of $344 million.
According to Chainalysis data, the activity patterns of these wallets are consistent with the on-chain fund flow characteristics of the Iranian Islamic Revolutionary Guard Corps.
Through blockchain analysis, officials found that the related funds were exchanged via intermediary addresses with wallets of the Central Bank of Iran, attempting to evade sanctions and promote international trade.
By 2025, Iran's cryptocurrency holdings will reach $7.8 billion, with approximately 50% held by the Islamic Revolutionary Guard Corps.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin