US Treasury Targets Iranian Firms Using Bitcoin to Evade Sanctions

The US Treasury Department has taken action against two Iranian firms accused of using Bitcoin to evade financial restrictions. The sanctions target their alleged role in a scheme to bypass formal banking systems through cryptocurrencies.

This move aligns with Washington's ongoing efforts to counter Iranian financial channels that utilize digital assets to circumvent sanctions, particularly in sectors like shipping insurance.

The action has coincided with shifts in market odds for a potential US-Iran nuclear agreement, suggesting increased obstacles to diplomatic resolutions. Market pricing on prediction platforms related to the deal now reflects growing skepticism about its likelihood, with some odds decreasing to 1.4% by August 13, 2026.