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US freezes $130 million in Iran-linked crypto, sanctions shipping entities

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US freezes $130 million in Iran-linked crypto, sanctions shipping entities
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At a glance

  • US froze over $130 million in Iran-linked crypto wallets.
  • Sanctions imposed on over 50 Iranian shipping entities/individuals.
  • Sanctioned entities reportedly linked to illegal oil trade.

Story so far

The United States has taken significant financial actions against Iran, freezing over $130 million in Iran-linked cryptocurrency wallets. These digital assets are reportedly connected to Iran's central bank and were frozen as part of new sanctions. In addition to the crypto freeze, the US has also imposed sanctions on more than 50 individuals, entities, and vessels associated with Iranian shipping.

Latest development

The United States has frozen over $130 million in Iran-linked cryptocurrency wallets and sanctioned more than 50 individuals, entities, and vessels tied to Iranian shipping, reportedly connected to illegal oil trade.

Latest updates

The United States has frozen over $130 million in Iran-linked cryptocurrency wallets, which are reportedly connected to Iran's central bank. According to an official, these digital assets were frozen under new sanctions.

Additionally, the US has imposed sanctions on more than 50 individuals, entities, and vessels tied to Iranian shipping. These entities and individuals are reportedly linked to Mohammad Hassan Shamkhani, who is said to be involved in illegal oil trade.

Sources and updates

Usama MehboobUsama MehboobEditor
Categories: International News
Tags: , , ,

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