The freeze targets wallets linked to Iran’s Central Bank and Revolutionary Guard, escalating sanctions on illicit financial activity.
The US Treasury froze $131 million in cryptocurrency wallets connected to Iran’s Central Bank and the Islamic Revolutionary Guard Corps. The action aims to disrupt Tehran’s use of digital assets for illicit financial operations, according to officials.
The move follows prior sanctions on Iranian entities but marks a rare direct seizure of crypto holdings. Previous efforts focused on traditional banking channels, with limited impact on digital asset flows.
No immediate market reaction was reported, though the freeze may tighten liquidity for sanctioned Iranian institutions.