US Treasury Sanctions Iranian Firms Over Bitcoin-Backed Sanctions Evasion

The U.S. Treasury Department has imposed sanctions on two Iranian firms involved in digital asset payments for allegedly evading financial restrictions.

The move is part of Washington's ongoing efforts to curb Iran's use of cryptocurrencies as a means to bypass sanctions, particularly in sectors like shipping insurance.

The sanctioned entities are reportedly connected to a broader network that uses Bitcoin to circumvent sanctions, suggesting continued U.S. scrutiny of Iran's digital asset strategies.

This development has coincided with shifting market odds on prediction platforms related to a potential U.S.-Iran nuclear agreement, which now indicate growing skepticism about the likelihood of a deal.