White House Targets Iranian Crypto Assets and Tech with New Sanctions

The White House has announced a new wave of sanctions against Iran under 'Operation Economic Outcast'. The move targets various sectors, including crypto assets, tech, gold, aviation, and shipping. These measures aim to further isolate Iran's economy.

The sanctions specifically target Iranian entities' access to US dollar transactions and the use of SWIFT, a global messaging network for international payments.

According to reports, the new sanctions are part of ongoing efforts to enforce US foreign policy objectives in the region. The operation is said to be ongoing.