U.S. Treasury Issues Warning on Paying Iran Fees with Crypto

The U.S. Treasury's Office of Foreign Assets Control (OFAC) has issued a warning that paying Iran's demanded passage fees through the Strait of Hormuz using cryptocurrency violates U.S. sanctions.

This advisory targets a growing risk for global shipping and financial firms, and explicitly warns against using digital assets to settle these fees. The move underscores the U.S. government's commitment to enforcing sanctions in the digital age.