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The US's aggressive crypto asset freezes highlight the growing role of digital currencies in geopolitical strategies and sanctions enforcement. The post US targets Iran’s $7.7B in cryptocurrency, freezes $500M in assets under Operation Economic Fury appeared …
Treasury Secretary Scott Bessent revealed that $344M of the frozen crypto was seized in the last month alone, as Washington escalates its financial war on Tehran. The US government has frozen nearly … [+2464 chars]
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While El Salvador made Bitcoin legal tender in 2021, reports indicate the country repealed its mandate requiring businesses to accept it in early 2025.
No, studies show that most citizens who downloaded the government's Chivo wallet stopped using it after receiving their initial $30 bonus, and only a small fraction of the population uses Bitcoin for regular payments.
As of late 2024, the government's reported Bitcoin investment has reached over $600 million in value, though these remain unrealized gains until the assets are sold.