How US and Iran are playing a crypto cat-and-mouse game over sanctions

Author: Virginia PietromarchiPublished on: April 29, 2026Country: Iran

PoliticsBusiness & Economy

How US and Iran are playing a crypto cat-and-mouse game over sanctions

Iran's crypto ecosystem was valued at over $7.78 billion last year, growing rapidly. The Islamic Revolutionary Guard Corps (IRGC) accounted for about 50% of on-chain activity, using crypto to circumvent sanctions. In April, Iranian authorities announced they would require oil ships to pay a toll in cryptocurrency to pass through the Strait of Hormuz.

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