Treasury bans Canadian crypto firms amid Iran sanctions, Trump stresses ongoing negotiations

The U.S. Treasury Department announced a ban on eight Canadian money‑service businesses accused of facilitating Iranian transactions through cryptocurrency networks. The action, part of an operation targeting economic outflows to Tehran, alleges that the firms exchanged Iranian rial and other currencies for digital assets, some of which were linked to entities tied to Iran's Revolutionary Guard.

The announcement coincided with comments from the president, who said the United States is actively negotiating with Iran despite the new restrictions. He reiterated that the chance of a renewed military attack is "very low" as long as diplomatic talks progress.

He also referenced the United States' ability to strike Iranian infrastructure, noting that a list of potential targets, including power plants and bridges, has been compiled. However, he emphasized that most of those capabilities would not be employed.

The president framed the sanctions as a pressure tool while maintaining that diplomatic engagement remains the preferred path toward a comprehensive agreement on Iran's nuclear program and the reopening of the Hormuz Strait.