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More >Today 2026-05-21
According to FOX Business reporter Darren Botelho citing threat detection data company estimates, the Iranian government controls approximately $7.7 billion in digital assets. The US Treasury Department has frozen approximately $500 million in Iran related cryptocurrency assets, of which $344 million was frozen last month. The CEO of 250 Digital Asset Management stated that although cryptocurrency is often seen as a tool to evade sanctions, it helps with law enforcement tracking. According to reports, the US government may pressure Iran by restricting access to the banking system for cryptocurrency exchanges.