The U.S. Treasury Department has launched Operation Economic Outcast to target Iran’s international financial links, including cryptocurrency activity that American officials say supports sanctions evasion and the Islamic Revolutionary Guard Corps.
Summary
- Operation Economic Outcast covers cryptocurrency, technology, gold, aviation, shipping and other financial channels.
- OFAC can sanction people operating in Iran’s crypto sector, regardless of where they are based.
- Treasury says Iran uses digital assets to support transactions linked to the IRGC and government insiders.
- Bitcoin remained near $79,000 after briefly testing the psychological $80,000 level.
