The American Treasury says it has frozen $131 million U.S. worth of digital assets in multiple cryptocurrency wallets tied to Iran’s Central Bank and the Islamic Revolutionary Guard.

On social media, Treasury Secretary Scott Bessent said that the U.S. would “aggressively follow the money and deny the Iranian regime access” to illicit crypto. 

Iran has reportedly spent years building cryptocurrency infrastructure to circumvent sanctions from the U.S. and other nations. 

More From Cryptoprowl:

Iran legalized Bitcoin (CRYPTO: $BTC) mining in 2019 and relies heavily on stablecoins to help it evade economic sanctions. 

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