US Treasury Secretary: Cracked Down on Iran's Crypto Access Channels

Odaily reported that US Treasury Secretary Scott Bessent posted on X platform, stating that through economic sanctions, the Treasury has taken action against Iran's international shadow banking infrastructure, cryptocurrency access channels, shadow fleet, weapons procurement network, regional terrorist proxies' funding, and Chinese independent refineries supporting Iran's oil trade. These actions have disrupted hundreds of billions of dollars in revenues that could have been used to finance terrorism. Under the US President's maximum pressure campaign, Tehran's inflation rate has doubled, and its currency has depreciated rapidly. Iran's main oil export terminal, Kharg Island, is nearing its storage capacity limits, which will force the regime to cut oil production, resulting in an additional daily loss of approximately $170 million in revenue and causing permanent damage to Iran's oil infrastructure. The Treasury will continue to apply maximum pressure, and any individuals, vessels, or entities assisting Tehran's illicit flows face the risk of US sanctions.