Sanctions Aim to Hinder Iran's Nuclear and Regional Activities

United States sanctions two Iranian financiers and over a dozen individuals/companies in Hong Kong and the United Arab Emirates for managing $100M in crypto linked to Iranian oil sales.
Sanctions target Iran's evasion of restrictions via shadow banking networks using front companies and crypto.
Sanctions are based on a Trump directive from February to eliminate Iran's oil exports and prevent financial support for weapons.
Chainalysis reports Iran received $15.8B in crypto in 2024, 39% of global illicit crypto activity.
United States aims to obstruct Iran's nuclear ambitions and regional activities by targeting financial networks.

Sanctions | Cryptocurrency | Iran

Hong Kong | Iran | United Arab Emirates

John K. Hurley

3 hours ago