Fox Business reported, citing an analysis by a threat detection data firm, that the Iranian government is estimated to hold approximately $7.7 billion in cryptocurrency. Previously, the U.S. Treasury Department froze approximately $500 million in Iran-linked cryptocurrency, with about $344 million frozen last month alone. Chris Perkins, CEO of 250 Digital Asset Management, explained, "While cryptocurrency is perceived as a means of evading sanctions, it is actually advantageous for law enforcement tracking." The media outlet observed, "The U.S. government can increase pressure on Iran by blocking cryptocurrency exchanges from accessing the U.S. banking system."
