Congress introduced a bill on December 17 called the “Blocking Iran Illicit Finance Act” that threatens Iran with more sanctions in response to activity that could see Iran develop its own national cryptocurrency. The U.S. is worried that the development of such a cryptocurrency could allow Iran to launder money, thereby dodging U.S. sanctions.
A corresponding bill sponsored by Ted Cruz (R-TX) calls for additional sanctions against anybody who could be aiding Iran to develop such a digital currency, including sanctions against any foreign person that might facilitate transactions for the “sale, supply, or transfer” of such a currency.
See the full story here: https://futurism.com/us-congress-iran-sanctions-cryptocurrency