On July 29, the U.S. Treasury announced that its Office of Foreign Assets Control (OFAC) has imposed new sanctions related to Iran.
The Treasury explained that it is advancing further measures against the Iranian regime's attempts to use the Strait of Hormuz as a revenue source to support Iran's faltering economy. The activities that led to these sanctions include evasion of sanctions through digital asset transactions.
OFAC has this time targeted the Islamic Revolutionary Guard Corps (IRGC)...