US Opens a New Front Against Iran’s Crypto Economy
Bitcoin Magazine US Opens a New Front Against Iran’s Crypto Economy Iran has been using Bitcoin to dodge sanctions. The Department of the Treasury wants to shut it off from the crypto economy. This post US Opens a New Front Against Iran’s Crypto Economy first appeared on Bitcoin Magazine and is wr
Source: Bitcoin Magazine
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DW NOTE
The Treasury just declared Iran's entire digital asset sector a sanctioned industry — the same designation used for oil, banking, and metals. That means any exchange, miner, or service provider touching Iranian crypto flows now faces the same secondary sanctions that froze Tehran out of SWIFT. Iran has been mining Bitcoin with subsidised electricity and using it to settle oil trades since 2020; this is Washington attempting to cut the last non-dollar rail that still works under a 133-day blockade.