🚨 Iran Eases Currency Rules to Bypass US Sanctions via Crypto
The Central Bank of Iran has reportedly relaxed foreign currency controls to allow businesses to bring overseas earnings home using digital assets. According to the Financial Times, the new rules allow exporters to settle cross-border transactions using Bitcoin (BTC) and Tether (USDT) through local cryptocurrency exchanges.
Under the updated policy, exporters can now use their crypto earnings to directly fund imports. This removes the previous requirement to first sell foreign currency at official government rates through state platforms, providing a direct workaround for tightening US sanctions.
#Iran #CryptoRegulation #Bitcoin #Tether
The Central Bank of Iran has reportedly relaxed foreign currency controls to allow businesses to bring overseas earnings home using digital assets. According to the Financial Times, the new rules allow exporters to settle cross-border transactions using Bitcoin (BTC) and Tether (USDT) through local cryptocurrency exchanges.
Under the updated policy, exporters can now use their crypto earnings to directly fund imports. This removes the previous requirement to first sell foreign currency at official government rates through state platforms, providing a direct workaround for tightening US sanctions.
#Iran #CryptoRegulation #Bitcoin #Tether
🚨 US Treasury to Seize $1B in Crypto Linked to Iran
US Treasury Secretary Scott Bessent announced plans to seize approximately $1 billion in cryptocurrency this week. The move is part of an aggressive US strategy to economically isolate Iran and disrupt financial networks funding the regime amid ongoing military conflicts.
Speaking at the Newsmax NPolicy Summit, Bessent confirmed that authorities have identified the digital assets and are currently isolating them. He did not specify if the targets are specific exchanges or if stablecoin issuers are directly involved in this specific round of seizures.
This follows a pattern of increasing pressure from the Treasury Department and OFAC. In April, authorities seized $500 million in crypto, while Tether reported freezing $550 million worth of USDT throughout 2026 linked to Iran sanctions.
#CryptoNews #Iran #Regulation #USDT
US Treasury Secretary Scott Bessent announced plans to seize approximately $1 billion in cryptocurrency this week. The move is part of an aggressive US strategy to economically isolate Iran and disrupt financial networks funding the regime amid ongoing military conflicts.
Speaking at the Newsmax NPolicy Summit, Bessent confirmed that authorities have identified the digital assets and are currently isolating them. He did not specify if the targets are specific exchanges or if stablecoin issuers are directly involved in this specific round of seizures.
This follows a pattern of increasing pressure from the Treasury Department and OFAC. In April, authorities seized $500 million in crypto, while Tether reported freezing $550 million worth of USDT throughout 2026 linked to Iran sanctions.
#CryptoNews #Iran #Regulation #USDT