Wu Blockchain (@WuBlockchain): U.S. Government Intensifies Crackdown on Iran’s Use of Cryptocurrency
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U.S. Government Intensifies Crackdown on Iran’s Use of Cryptocurrency According to Fox Business, as tensions in the Middle East escalate, the U.S. government is stepping up efforts to crack down on Iran’s use of cryptocurrency in order to cut off its alternative financial channels. U.S. Treasury Secretary Scott Bessent stated that the Treasury Department has frozen nearly $500 million in cryptocurrency linked to the Iranian regime, including $344 million frozen last month alone. Iran currently controls approximately $7.7 billion in digital assets.