US Treasury Hits Iran’s Crypto and Oil Network with 50+ Sanctions Including Amin Exchange
— BeInCrypto TR
The US is restricting Iran's financial movements with comprehensive sanctions targeting its shadow banking and cryptocurrency networks.
The US Treasury has added over 50 companies, vessels, and individuals linked to Iran's shadow banking and oil networks to its sanctions list; Amin Exchange and 19 oil tankers have been blocked.
- OFAC has added over 50 assets to the sanctions list, including Iran-based Amin Exchange and 19 oil tankers.
- The sanctions aim to target the transfer of Iran's cryptocurrency and oil revenues to armed forces.
- The Treasury plans new secondary sanctions against foreign banks and companies that fund Iran.
The sanctions complicate Iran's financial escape routes through cryptocurrency and oil revenues, restricting money transfers in the international financial system and potentially impacting market liquidity.