US Treasury's Office Targeting Iran's Sanctions Evasion Through Bitcoin and USDT

The U.S. Treasury is targeting an Iran-linked network accused of evading sanctions through cryptocurrency, including Bitcoin and Tether (USDT). The network allegedly uses digital assets to move funds outside traditional financial channels, underscoring the continued use of crypto in sanctions-evasion efforts. The action could increase scrutiny of Bitcoin and stablecoin transactions, exchanges, and intermediaries connected to high-risk jurisdictions.