Iran’s Rial Crashes to a Record Low as New Sanctions Target Its Bitcoin Mining Lifeline
Key Takeaways Iran’s rial hit a record 2.02 million per dollar on Aug. 24, amid new U.S. sanctions. The IRGC reportedly controls 65% of Iran’s bitcoin mining capacity via state-linked farms. Trump’s new sanctions name digital assets as a target for the first time, per Treasury. A Record-Low Rial and a New Sanctions Wave Iran’s…
