The United States Treasury Department announced the launch of Operation Economic Exiles, which focused on Iran's offshore financial links, including the encryption of currency. According to the United States, the relevant digital assets were used to circumvent sanctions and to provide financial support to the Iranian Revolutionary Guard and inside the Government.
Extension of sanctions to encryption channels
According to the Ministry of Finance, this operation covers a number of financial routes, including encrypted money, technology, gold, aviation and shipping. According to United States officials, OFAC has the power to sanction individuals operating in the Iranian encryption industry, regardless of their location.
The U.S. claims to have locked the network.
According to the Ministry of Finance, Trump has instructed the relevant authorities to initiate the operation, with the aim of severing Iran from its offshore financial networks. The United States also indicated that intermediaries and channels had been developed to help Iran sell oil, transfer funds and circumvent restrictions.
Multiple associated assets previously frozen
Since this year, the United States has taken several actions against Iran's relevant encrypted addresses and platforms. According to the Ministry of Finance, USDT assets related to Iranian networks have been frozen and sanctions imposed on a number of Iranian exchanges and associated individuals.