Iranian Rial Plummets Amid US Sanctions and Crypto Crackdown

The Iranian Rial has reached a historic low, falling to approximately 202 million Rials per USD in open market exchange rates for the first quarter of this year.

This decline coincides with the US government's 'Economic Sanctions' initiative, which added over 60 entities to its financial blacklist and specifically targeted digital assets for the first time.

The IRGC-affiliated state-run farms in Iran control approximately 65% of the country's Bitcoin mining capacity.