The Trump administration’s pressure to restrict the use of crypto in Iran is intensifying. The US Treasury has frozen nearly $500 million in government-linked funds under Operation Economic Fury.
Finance Secretary Scott Bessent revealed this last week, including a $344 million seizure last month. It is estimated that Iran’s total wealth is close to $7.7 billion as tensions in the Middle East rise.
During Operation Economic Fury
Finance officials say the campaign targets Iran’s military and the Islamic Revolutionary Guard Corps (IRGC). It also goes after the proxies area and shadow banking network which drives the price of oil.
Besent has set a course if it is pushing the government into a financial crisis.
The biggest deal so far was $344 million USDT freezes on the Tron networkconnected by Tether.
The move followed previous U.S. moves UK exchange with Iran accused of managing IRGC funds.
Tehran is now estimated to have $7.7 billion in digital currency, according to figures mentioned By Fox Business reporter Darren Botelho, he draws on the alarming information.
The figure places Iran among the nations seniors with crypto followed by blockchain analytics companies.
Bitcoin as a New Banking Workaround
The government is leaning heavily on Bitcoin (BTC) to move money outside of traditional banks. Tehran has recently released a government-backed government Marine insurance platform called Hormuz Safe.
The platform implements full freight train schedules in BTC for ships passing through the Strait of Hormuz.
BTC was trading near $77,355 at press time, up 0.006% in the last 24 hours, with the crypto service pioneer. Iran’s wartime economy adding geopolitical weight to his short-term performance.
Why This Method Favors Researchers
Despite the reputation of crypto as a punitive measure, US officials oppose the practice. Chain transactions leave behind permanent documents that allow law firms to register wallets linked to the IRGC and the Central Bank of Iran.
“We’ve found over and over that it’s very good for the US police and other agencies to follow because you leave a lot of crumbs,” Fox Business. reportquoting Chris Perkins, CEO of 250 Digital Asset Management.
Traceability now tends to be tracked. Industry officials also told the network that Washington could threaten to limit crypto exchanges at the US bank.
This can also affect the industry to organize a joint movement with Iran. The coming weeks should show whether Treasuries move up to the exchange rate.
How Tehran adapts its Bitcoin-based workarounds will also be revealed.
A note US Expands Operation Economic Fury Targets Iran’s $7.7 Billion Crypto Network appeared for the first time BeInCrypto.
