Sanctions target platforms allegedly processing millions in illicit transactions linked to Tehran amid broader crackdown on digital asset networks.
The US Treasury imposed sanctions on multiple cryptocurrency exchanges accused of laundering millions of dollars for Iran. The move follows allegations that digital assets and shadow banking networks are being exploited to evade economic restrictions targeting Tehran’s regime.
Treasury Secretary Scott Bessent stated the action underscores ongoing efforts to disrupt illicit financial flows, regardless of currency type. The sanctions align with broader US policy to intensify economic pressure on Iran, though no specific transaction volumes were disclosed in the announcement.
No immediate market reaction was reported, but the measures could tighten compliance scrutiny on crypto platforms handling cross-border transactions.