White House Sanctions Against Iran Target Crypto Assets in 'Operation Economic Outcast'
White House Sanctions Against Iran Target Crypto Assets in 'Operation Economic Outcast'
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The US Treasury has launched 'Operation Economic Outcast,' a new wave of financial sanctions against Iran. These measures specifically target Iran's utilization of crypto assets, alongside other sectors like tech, gold, aviation, and shipping, to undermine the nation's financial capabilities.
US Treasury Secretary Scott Bessent announced a new “financial offensive” against Iran on Monday, specifically targeting the Middle Eastern country’s use of crypto assets. “Operation Economic Outcast” aims to kneecap the Iranian government’s financial capabilities as the Trump Administration’s controversial war nears the end of its sixth month. Bessent says the sanctions aim to “sever […]