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US Treasury Freezes $344 Million in Crypto Linked to Iran Under New Sanctions Push

US Treasury Freezes $344 Million in Crypto Linked to Iran Under New Sanctions Push

The US Treasury froze $344 million in cryptocurrency tied to Iran, expanding sanctions to target digital financial networks.

ERBIL (Kurdistan 24) — The United States has intensified its financial measures against Iran, announcing new sanctions targeting cryptocurrency networks linked to Tehran and freezing hundreds of millions of dollars.

In a statement, U.S. Secretary of Treasury Scott Bessent said the Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned multiple digital wallets associated with Iran, resulting in the freeze of $344 million in cryptocurrency assets.

“Under Economic Fury, @USTreasury will continue to systematically degrade Tehran’s ability to generate, move, and…

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