`US Sanctions Crypto Platforms Over Iran IRGC Funding Links`
`US sanctions, crypto platforms, Iran IRGC, US Treasury, cryptocurrency, Iran funding`
The US Treasury imposed new sanctions on cryptocurrency platforms accused of facilitating financial flows to Iran’s Revolutionary Guard and bypassing the international financial system.
Washington targets digital finance networks used to fund Iran’s military arm.
The US Treasury announced a new package of sanctions targeting cryptocurrency trading platforms for their role in facilitating financing and financial flows to Iran’s Islamic Revolutionary Guard Corps.
*Bypassing the Financial System*
The Treasury stated that these platforms are used to circumvent the international financial system and secure illicit funds to support the IRGC’s military and security activities.
The department confirmed Washington will continue pursuing all digital tools and parallel financial networks used by Tehran.