Office of Foreign Assets Control — page 2

Regulator · 29 articles

Coverage, page 2

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Tether Freezes $131M in USDT Tied to U.S.-Sanctioned Iranian Addresses on TRON

Tether has frozen four wallets on the TRON network holding a combined $131 million in USDT. The funds have been linked to two of the most heavily sanctioned entities, Iran’s Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of Iran. Moreover, both are sitting on the U.S. Treasury’s OFAC

TheNewsCrypto•Sarayu Krishna15 Jul

Islamic Revolutionary Guard Corps

Scott Bessent Announces $130 Million Crypto Freeze Targeting Iran Central Bank

The US Treasury froze more than $130 million in cryptocurrency tied to Iran’s Central Bank. The Office of Foreign Assets Control (OFAC) sanctioned multiple wallets linked to the Central Bank of Iran (CBI). US Treasury Targets Iran’s Central Bank Crypto Wallets Treasury Secretary Scott Bessent announced the freeze in a post on X. Bessent framed

BeInCrypto•Kamina Bashir15 Jul

OFAC FirstVPN Sanctions Show Crypto Enforcement Is Moving Up The Infrastructure Stack

OFAC FirstVPN Sanctions Show Crypto Enforcement Is Moving Up The Infrastructure Stack is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, re

NewsBTC•NewsBTC Editorial Team14 Jul

Treasury’s OFAC ramps up sanctions against Iranian oil kingpin Mohammad Hossein Shamkhani

The expanded sanctions highlight escalating efforts to curb Iran's financial networks, potentially straining its military funding and global oil trade.

CryptoBriefing•Editorial Team14 Jul

OFAC sanctions Iranian financial facilitator and exchange houses in ‘Economic Fury’ crackdown

The crackdown disrupts Iran's shadow banking, impacting global financial networks and signaling intensified scrutiny on digital asset markets.

CryptoBriefing•Editorial Team10 Jul

Bitcoin looks calm but a July 17 oil deadline looms as Iran shock sends crude up 5%

The US Treasury's Office of Foreign Assets Control revoked General License X on July 7, cutting off the authorization that had allowed Iranian crude oil, petrochemical, and petroleum-product transactions through Aug. 21. Its replacement, General License X1, permits only wind-down transactions through 12:01 a.m. ET on July 17. Brent crude settled at $74.16 and WTI […]

CryptoSlate•Gino Matos8 Jul

Brent

Here’s How CoinEx Became a Critical Gateway for Iran’s Crypto Economy

CoinEx processed billions in transfers with Iranian exchanges, including more than $2.7 billion in transactions with OFAC-sanctioned Nobitex since 2018.

CryptoPotato•Chayanika Deka28 Jun

Treasury’s Office of Foreign Assets Control imposes sanctions on networks fueling Sudan’s civil war

Sanctions may disrupt foreign recruitment, potentially weakening armed groups and altering power dynamics in Sudan's prolonged conflict.

CryptoBriefing•Editorial Team26 Jun

Treasury Sanctions Three Individuals and Six Entities for Routing Crypto to ISIS

OFAC designated three financial facilitators and six money service businesses across Europe, Syria, Turkey, and Nigeria for moving funds to ISIS and its West Africa affiliate using crypto, including two TRON addresses tied to a French national.

The Defiant•The Defiant Team23 Jun