Washington targets Iran's digital assets
The United States is revealing an expansion of its sanctions to include cryptocurrency trading platforms and parallel financial transfer networks, aimed at combating the funding of the Iranian Revolutionary Guard Corps, which is suspected of using digital assets to transfer billions of dollars and bypass international sanctions. Washington has targeted companies and individuals connected to these networks, such as businessman Babak Zanjani and the "Bit Bank" platform, which has been accused of transferring hundreds of millions of dollars via Bitcoin to support the activities of the Revolutionary Guard. U.S. authorities estimate that billions of dollars flow through the Iranian digital system and the parallel economy, in an effort to cut off the funding sources Iran uses to undermine sanctions and support its military and political activities.
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