U.S. Treasury Secretary Scott Bessent said digital assets, aviation, and shipping may become targets of new sanctions against Iran. Additional sanctions on Iranian banks could be announced this week. The Treasury has frozen hundreds of millions of dollars in crypto linked to Iran and launched "Operation Economic Outcast" on August 24, authorizing OFAC to target entities in Iran's digital asset space, including foreign participants.
U.S. Treasury Secretary Scott Bessent said digital assets, aviation, and shipping may be hit in a fresh round of U.S. sanctions on Iran. And he said more sanctions targeting Iranian banks could be announced this week.
The Treasury Department has already frozen hundreds of millions of dollars in cryptocurrency tied to Iran. On August 24, it rolled out "Operation Economic Outcast," giving the Office of Foreign Assets Control (OFAC) authority to sanction entities in Iran's digital asset sector, including foreign participants.
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