The US Treasury Secretary announced last night that more than $130 million in cryptocurrency assets held in wallets linked to Iran's central bank have been frozen. The funds were allegedly used to transfer government revenues and bypass financial sanctions, according to the announcement.
The US Treasury Secretary announced last night that over $130 million in cryptocurrency assets held in wallets linked to the Central Bank of Iran have been frozen. According to the statement, the funds were used to transfer government revenues and evade financial sanctions. The action is part of ongoing US efforts to restrict Iranian access to the international financial system. The Zioneer reported on Thursday that the US Treasury had reportedly blocked $130 million in USDT stablecoins tied to Iran; the new announcement appears to be an official confirmation of a similar action. The development follows a series of US Treasury actions against Iranian crypto holdings, including the reported blocking of $130 million in USDT stablecoins on Thursday.
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