On one hand, Islamabad peace talks are going on hosted by Pakistan to end the conflict and war between America and Iran in the Middle East, while on the other hand, US President Donald Trump is continuously taking actions to weaken Iran economically. Taking a big step in this direction, America has frozen cryptocurrency worth 344 million US dollars (about 2,800 crore Indian rupees) belonging to Iran. It is believed that these funds were linked to Iranian networks.

This step has been taken by America at a time when tension continues in West Asia and no significant progress is being made in efforts to end the conflict. Analysts say that this is part of Washington’s broader strategy, under which efforts are being made to weaken Iran economically without direct military action.

America’s attack on Iran’s financial network

According to a CNN report, US Treasury Secretary (Finance Minister) Scott Besant said that Washington will target all the economic routes that Iran uses to send money abroad. He said, ‘We will close every economic channel that supports the Iranian regime.’ This statement of the US Finance Minister indicates that now more emphasis is being given to economic war instead of traditional military confrontation.

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Why was cryptocurrency targeted?

This action taken by America came to light when Tether confirmed that it has frozen $344 million worth of cryptocurrency kept in two digital wallets. According to the company, this step has been taken in coordination with US authorities as intelligence indicates that the use of these funds may be linked to illegal activities.

According to the report, US officials say that through blockchain analysis, these wallets were found to be linked to the Iranian network. Investigators also indicated that some transactions may be related to digital wallets linked to the Central Bank of Iran.

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