US Treasury Targets Iran Crypto Networks in $100M Sanctions Crackdown on Oil Flows

1 month ago 8

Rommie Analytics

Key Takeaways:

  • Operation Economic Outcast, U.S. The Treasury’s move against the crypto market in Iran, gains momentum.
  • Under the new definition, OFAC could hit foreign parties doing business with the Iranian digital asset industry.
  • Since 2023, an Iran-related broker has facilitated upwards of $100 million in crypto transactions for oil sales, according to the Treasury.