The US Treasury is tightening the screws on crypto-linked illicit finance, targeting an Iranian exchange and its software developer for allegedly facilitating Bitcoin transfers tied to the IRGC. This crackdown highlights how blockchain analytics are increasingly used by global regulators to trace state-backed crypto flows. While privacy advocates debate the implications, one thing is certain: compliance and on-chain surveillance are now front and center for the entire industry. $BTC #Regulation #CryptoSecurity #Bitcoin