US sanctions 'digital wallets' tied to Iran, freezes $344 million in cryptocurrency
The U.S. Treasury Department is sanctioning multiple wallets tied to Iran, thereby freezing $344 million in cryptocurrency, Treasury Secretary Scott Bessent said in a statement on X on Friday (April 24).
April 25, 2026
Deborah Gembara/Reuters
FILE PHOTO: Representation of Tether stablecoin cryptocurrency in this illustration taken September 10, 2025.
Dado Ruvic/Reuters
The U.S. Treasury Department is sanctioning multiple wallets tied to Iran, thereby freezing $344 million in cryptocurrency, Treasury Secretary Scott Bessent said in a statement on X on Friday (April 24).
The move is part of an ongoing effort by the Trump administration to cut off funding sources to the Iranian government, including a military blockade, amid attempts to restart diplomatic talks aimed at ending the war with Tehran.
Production: Deborah Gembara/Reuters
TOP BUSINESS STORIES
PH Senate passes 'Sandy's Act' mandating stricter safety protocols for child tourists
PH pushes for stronger ASEAN cooperation on waste reduction and resource recovery
BCDA, Ayala Land sign deal for P1-billion modernization of Market! Market! in BGC
LATEST NEWS
PH Coast Guard completes cabin search on fire-damaged ferry in Palawan
Metro Manila, other parts of PH to experience isolated thunderstorms
FACTBOX: Recent major boat accidents in Southeast Asia, including Palawan ferry fire
Paraluman News Publication, Inc.
desk@myparaluman.ph
Tektite Towers (East), Exchange Road
Ortigas Center. San Antonio 1600
City of Pasig, NCR, Philippines
+63284298877
EXPLORE
Editorial Standards and Code of Ethics
Privacy Policy
User Policy
COMMUNITY
Contributor and Campus Voices Terms
Advertise with Paraluman News
ACCOUNTABILITY & SAFETY
Submit a Claim for Fact-Checking
© 2026 Paraluman News Publication