According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. epehr Mohammadi, the president of Iran’s Blockchain Association, told Ibena news outlet last week.
He admitted that the exact number of confiscated BTC “is not clear, but it is expected to be over 500 bitcoins, worth approximately 25 billion tomans ($5.77 million)” at the time, the publication quoted him.
“Some people believe that this confiscation is because bitcoin owners were circumventing U.S. sanctions,” Mohammadi added.
Over 500 BTC Belonging to Iranians Seized by US Government: ReportRecently, news.Bitcoin.com reported that the government of Iran is considering using cryptocurrencies to evade long-held U.S. economic sanctions. Mohammad Reza Pour-Ebrahimi, the chairman of the Iranian Parliament’s Economic Commission, said in an interview with Mizan news agency on July 15 that digital currencies are among the major mechanisms that Iran can use to the evade the sanctions. He noted that the Iranian parliament will soon discuss this issue.
Source: bitcoin.com
Technically, they confiscated what does not exist according to the Iranian law so there is no case here. If the Iranian government believes they are being short changed, they should do the right thing so that they can channel their grievances to the right authority but sitting on the fence and watching from the sideways would only make them lose what should come to them as revenues to other countries and there is nothing they they can do about it.
If US government can target them and seized it, it then show some level of loopholes in the process of keeping their btc which those who are yet to be affected can look into or else if the opportunity presents itself, they would surely take it to the fullest.