🚨 JUST IN: US Targets $100M Iran Crypto Network Linked to Oil Payments 🚨
This is one of the more important crypto headlines today.
The U.S. Treasury has expanded sanctions against Iran-linked financial networks and is targeting a crypto network that allegedly moved more than $100M in cryptocurrency connected to Iranian oil payments. Nearly 60 individuals, entities and vessels were also targeted.
The important part is that this is not a blanket sanction on $BTC or crypto. The targets are Iran-linked entities and networks allegedly using digital assets for sanctions evasion.
Still, it's significant because the U.S. is now directly including the crypto sector in its broader Iran sanctions campaign.
I'm watching the market reaction here. If crypto absorbs this headline without major weakness, that's an interesting sign of strength.
But if oil spikes and risk assets start selling, this story could become much more important. $ZEC
#OilHoldsLosses
This is one of the more important crypto headlines today.
The U.S. Treasury has expanded sanctions against Iran-linked financial networks and is targeting a crypto network that allegedly moved more than $100M in cryptocurrency connected to Iranian oil payments. Nearly 60 individuals, entities and vessels were also targeted.
The important part is that this is not a blanket sanction on $BTC or crypto. The targets are Iran-linked entities and networks allegedly using digital assets for sanctions evasion.
Still, it's significant because the U.S. is now directly including the crypto sector in its broader Iran sanctions campaign.
I'm watching the market reaction here. If crypto absorbs this headline without major weakness, that's an interesting sign of strength.
But if oil spikes and risk assets start selling, this story could become much more important. $ZEC
#OilHoldsLosses
