US Secretary of the Treasury: Targeted Iran's Cryptocurrency Access Channels

Odaily Planet Daily News: US Treasury Secretary Scott Bessent posted on platform X, stating that through economic sanctions, the Treasury Department has taken action against Iran's international shadow banking infrastructure, cryptocurrency access channels, shadow fleet, weapons procurement network, regional terrorist proxy financing, and Chinese independent refineries supporting Iran's oil trade. These actions have disrupted tens of billions of dollars in revenue that could have been used to fund terrorism. Under the US President's maximum pressure campaign, Tehran's inflation rate has doubled and its currency has rapidly depreciated. Iran's main oil export terminal, Kharg Island, is nearing its storage capacity limit, which will force the regime to cut oil production, resulting in additional daily revenue losses of approximately $170 million and causing permanent damage to Iran's oil infrastructure. The Treasury Department will continue to apply maximum pressure; any individual, vessel, or entity assisting Tehran's illicit flows faces the risk of US sanctions.