U.S. Office of Foreign Assets Control rules prohibit U.S. virtual currency exchanges and wallet hosts from facilitating cryptocurrency transactions involving blocked Russian entities like Sberbank

Overview Debates Related claims Topics Sources

The U.S. Treasury Department imposed sanctions on the A7 Network on October 1, 2026, alleging its payment infrastructure facilitated transactions for sanctioned Russian and Iranian entities.

A7 processed over 10 trillion roubles in 2025, accounting for approximately 19% of Russian companies' international trade settlement volume.

U.S. FinCEN reported that entities operating as A7 Sub-Agents processed over $17 billion in transactions between January 2025 and June 2026.

Financial Privacy Inc. holds OffMarket's master viewing key in a secure enclave under a multisignature arrangement with StarkWare, screening deposits against sanctions and reviewing legal requests for transaction data.

Allowing unlimited cross-border crypto settlements effectively mitigates Western trade sanctions

The U.S. Treasury Department imposed full blocking sanctions on Sberbank in April 2022 under Executive Order 14024

Federal authorities and stablecoin issuer Tether froze over $344 million in USDT from two Iranian-linked cryptocurrency wallet addresses in April 2026

The U.S. Department of the Treasury sanctioned Iranian cryptocurrency exchange BitBank in September 2026 over allegations that it transferred hundreds of millions of dollars in Bitcoin to the Islamic Revolutionary Guard Corps

The U.S. Department of the Treasury imposed sanctions on Iranian cryptocurrency platforms Nobitex, Wallex, Bitpin, and Ramzinex in June 2026, followed by sanctions on Shelbit and Aban Tether in August 2026

Stablecoin issuer Tether has assisted United States authorities in freezing roughly $550 million in USDT connected to suspected Iranian illicit financial activity in 2026

Federal authorities and stablecoin issuer Tether froze approximately $131 million in USDT across four TRON blockchain addresses linked to the Central Bank of Iran in July 2026

U.S. Treasury Secretary Scott Bessent stated at Newsmax's NPolicy Summit on October 8, 2026 that federal authorities have identified the specific locations of the targeted $1 billion in Iranian-linked cryptocurrency assets

U.S. Treasury Secretary Scott Bessent announced on October 8, 2026 that the United States intends to seize approximately $1 billion in cryptocurrency linked to Iranian financial networks within a week

Stablecoin issuers should cooperate with U.S. enforcement to freeze Iran-linked wallets

Cryptocurrency wallet freezes effectively disrupt Iranian state financial operations

The U.S. Department of the Treasury launched Operation Economic Outcast on August 24, 2026, designating digital assets alongside technology, gold, aviation, and shipping as Iranian economic sectors subject to sanctions

Under Operation Economic Outcast, the U.S. Department of the Treasury has designated nearly 60 entities, individuals, and vessels, including actions targeting remnants of Iran's shadow fleet of oil tankers

Senator Richard Blumenthal's inquiry requested that Cantor Fitzgerald explain how it monitors Tether's compliance with banking and sanctions laws, and details of steps taken to investigate allegations of illicit finance and sanctions evasion

A staff report released by Senator Richard Blumenthal on September 28, 2026, titled 'Tethered to Terrorism,' found that 84% of 846 sanctioned, Iran-linked crypto wallets transacted heavily in Tether's USDT

Binance stated it maintains a zero-tolerance policy toward sanctions violations and pointed to its offboarding of accounts linked to sanctions-related suspicious activity in August 2025 and January 2026