US Expands Sanctions on Iran's Digital Asset Sector
The US Treasury has broadened sanctions on Iran's crypto sector following claims that a UAE broker moved over $100M in digital assets for oil sales.
The United States Department of the Treasury has expanded its sanctions program to directly target Iran's digital asset ecosystem.
According to US officials, the enforcement action follows findings that a brokerage based in the United Arab Emirates facilitated more than $100 million in cryptocurrency transactions linked to Iranian oil sales.
As regulatory bodies worldwide intensify their oversight of centralized brokers and exchange services, keeping private keys in self-custody via a dedicated hardware wallet remains essential for investors seeking independent ownership of their funds.
Source: Cointelegraph
Keep your crypto in your own hands
ZEROX DIGITAL is an authorized Tangem dealer. Secure your coins on a genuine Tangem hardware wallet, shipped across South Africa and Nigeria.
Shop hardware wallets