The US Treasury Department has rolled out new sanctions targeting Iran’s digital asset sector. Officials say a UAE-based broker handled more than $100 million in crypto payments connected to Iranian oil sales.

Sanctions Details and Allegations

According to the Treasury’s statement, the latest measures go after both players and infrastructure tied to Iran’s crypto ecosystem. The move comes on suspicions that crypto is being used to dodge financial restrictions and settle international oil export deals.

The UAE Broker’s Role

The announcement singles out a broker operating out of the United Arab Emirates, saying they were involved in processing over $100 million worth of transactions. US authorities claim these funds were directly linked to Iranian oil sales conducted via digital assets.

Reactions and Fallout

The expanded sanctions aim to clamp down on crypto being used to skirt international controls. The US Treasury says it’s keeping a close eye on attempts to use digital assets to finance sanctioned activities.