US freezes $131M in Iran-linked crypto as Middle East tensions rise
CoinTelegraph·
60-second summary
The US Treasury is freezing approximately $131 million in Iran-linked cryptocurrency, targeting the country's illicit financial activities, including digital asset abuse. US Treasury Secretary Scott Bessent emphasizes the commitment to disrupting these activities, amid rising Middle East tensions. This move underscores the US government's growing focus on cryptocurrency in international sanctions efforts.
“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” US Treasury Secretary Scott Bessent said Tuesday.