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The U.S. Sanctions Babak Zanjani's Cryptocurrency Network / 3 Individuals Added to New Sanctions List

Sep 18, 2026 September 18, 2026 1 min read 📰 Donya-e-Eqtesad
📋 Key Takeaway

The U.S. has imposed new sanctions on Babak Zanjani's cryptocurrency network, targeting a specific company and three individuals. This move is significant as it continues the U.S. efforts to curb financial activities associated with Zanjani, a controversial figure in Iran.

🔍 Quick Context Guide
💡 Bottom Line: The U.S. sanctions on Zanjani's cryptocurrency network underscore ongoing efforts to limit Iran's financial maneuvers amid heightened scrutiny.

👥 Key Players

Babak Zanjani MENTIONED
Iranian businessman and controversial figure
"Zanjani is known for his involvement in oil trade and has been linked to various financial scandals, making him a significant target for U.S. sanctions."
Pishtaz Simorgh Electronic Trade MENTIONED
Company developing cryptocurrency software
"The company is involved in the cryptocurrency sector, which is increasingly relevant in circumventing sanctions."
Hossein-Ali Zaker Hossein MENTIONED
Individual associated with Zanjani's network
"His inclusion in the sanctions list indicates his role in facilitating Zanjani's financial operations."
Mohammad-Mehdi Zaker Hossein MENTIONED
Individual associated with Zanjani's network
"Similar to his brother, he is implicated in the financial activities linked to Zanjani."
Adel Heydari MENTIONED
Individual associated with Zanjani's network
"His inclusion suggests he plays a role in the cryptocurrency operations tied to Zanjani."

📰 What Happened

The U.S. Treasury Department has added Babak Zanjani's cryptocurrency network to its sanctions list, targeting the company Pishtaz Simorgh Electronic Trade and three individuals linked to Zanjani. This action is part of ongoing efforts to limit financial activities that support Zanjani's operations.

  • The sanctions target a cryptocurrency software developer and three individuals tied to Babak Zanjani.
  • This move is part of broader U.S. sanctions aimed at curbing Iranian financial networks.

💡 Why It Matters

🇮🇷 For Iran: Internally, this reinforces the Iranian government's challenges in managing its economy under sanctions and highlights the risks associated with cryptocurrency.
🌍 Regional: Regionally, this could affect Iran's relationships with neighboring countries that may be wary of U.S. sanctions.
🌐 International: Internationally, it signals the U.S. commitment to enforcing sanctions against entities that facilitate Iranian financial operations.

📚 Background

Babak Zanjani has been a controversial figure in Iran, previously implicated in oil trade scandals and currently linked to cryptocurrency operations that may help evade sanctions. The use of cryptocurrency in Iran has been growing as a response to economic pressures.

Sanctions on Iran Cryptocurrency in Iran
📡 Source: INTERNATIONAL
📊 Confidence: 70%
The U.S. Treasury Department is a government source, and its statements are generally considered reliable but may reflect U.S. policy interests.

According to the U.S. Treasury Department, the company 'Pishtaz Simorgh Electronic Trade,' developer of the BitBank software, along with Hossein-Ali Zaker Hossein, Mohammad-Mehdi Zaker Hossein, and Adel Heydari have also been added to the new sanctions list.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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