US sanctions Iranian maritime firm, says it accepted Bitcoin to evade restrictions
CoinTelegraph·
60-second summary
The US Treasury is imposing sanctions on Iranian maritime firm HormuzSafe, alleging it accepted Bitcoin and other digital assets to evade restrictions and generate revenue for Iran's Islamic Revolutionary Guard Corps, in an attempt to circumvent financial sanctions. This move highlights the growing use of cryptocurrencies in illicit activities, raising concerns about their potential misuse.
The US Treasury said HormuzSafe accepted Bitcoin and other digital assets to evade sanctions and generate revenue for Iran’s Islamic Revolutionary Guard Corps.