🚨 U.S. Treasury imposes sanctions on Iranian companies for using Bitcoin in transactions
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two Iranian companies. The sanctions included Hormuz Safe, which was said to accept payments in Bitcoin and other digital assets for passage through the Strait of Hormuz, highlighting the increasing scrutiny by regulators of the potential uses of cryptocurrencies in sanctions-related transactions.
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📊 Impact: 📈 High
🏷️ REGULATION
#USRegulation #OFAC #Bitcoin #DigitalAssets #Sanctions
📰 Source: decrypt.co
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two Iranian companies. The sanctions included Hormuz Safe, which was said to accept payments in Bitcoin and other digital assets for passage through the Strait of Hormuz, highlighting the increasing scrutiny by regulators of the potential uses of cryptocurrencies in sanctions-related transactions.
━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION
#USRegulation #OFAC #Bitcoin #DigitalAssets #Sanctions
📰 Source: decrypt.co