The United States is expanding its cryptocurrency sanctions against Iran, leading to reactions in the prices of Bitcoin and gold as the dollar is increasingly used as a weapon

On August 24th, the U.S. Treasury Department announced "Operation Economic Outcast," targeting Iran, and expanded the scope of sanctions to include five sectors: digital assets, technology, gold, aviation, and shipping. Treasury Secretary Scott Benson publicly declared that the department would exclude foreign companies that continue to do business with Iran from the U.S. dollar payment system, adding over 60 individuals, entities, and vessels to the sanctions list. Benson also..