The US Treasury expanded its sanctions framework to cover Iran’s digital asset sector, citing more than $100 million in cryptocurrency payments allegedly used to facilitate oil sales. The Office of Foreign Assets Control (OFAC) issued sectoral sanctions determinations covering digital assets, technology, gold, aviation and shipping, and sanctioned nearly 60 entities, individuals and vessels. OFAC alleges that UAE-based Ukrainian broker Ivan Obukhov processed over $100 million in cryptocurrency payments since 2023 on behalf of the Islamic Revolutionary Guard Corps’ Quds Force. Treasury Secretary Scott Bessent previously stated that the US had seized nearly $1 billion in cryptocurrency from Iranian exchanges and wallets.
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