The U.S. Department of the Treasury announced that it had frozen more than $130 million in digital assets connected to the Central Bank of Iran and sanctioned multiple cryptocurrency wallets affiliated with the institution.

U.S. Treasury Secretary Scott Bessent announced the enforcement action in a post on X on Wednesday, July 15, stating that the Treasury is “committed to disrupting Iran’s illicit financial activities, including its abuse of digital assets.”

Bessent stated that the Treasury’s Office of Foreign Assets Control (OFAC) had sanctioned several digital wallets linked to the Central Bank of Iran, resulting in the freezing of more than $130 million…