US Treasury Targets $100M in Iranian Crypto Activity

The U.S. Treasury Department has revealed that payments from Iran's Hormuz region were made using cryptocurrencies, escalating concerns about sanctions evasion in the digital asset space.

This development comes as the department expands its sanctions exposure to cover $100M in digital-asset activity related to Iran, effective August 24. The move is aimed at targeting foreign persons operating or supporting the sector.

In a separate matter, U.S. prosecutors have filed a civil forfeiture lawsuit for $61 million in cryptocurrencies linked to illegal Iranian oil sales.