US Treasury just dropped a hammer on foreign banks dealing with Iran - sanctions incoming with ZERO warning ⚠️
This matters for crypto:
- Expect tighter compliance checks on CEXs
- Regional banking rails getting squeezed = more demand for P2P and stablecoins
- Iran's been a sleeper market for $BTC mining and capital flight
If traditional rails close, crypto becomes the only exit. Bullish for permissionless rails, bearish for anything touching Iranian counterparties. Watch $USDT flows in the region.
This matters for crypto:
- Expect tighter compliance checks on CEXs
- Regional banking rails getting squeezed = more demand for P2P and stablecoins
- Iran's been a sleeper market for $BTC mining and capital flight
If traditional rails close, crypto becomes the only exit. Bullish for permissionless rails, bearish for anything touching Iranian counterparties. Watch $USDT flows in the region.
