Treasury Blocks Two Numbered Ontario Firms Tied to Iran's Digital Currency
Published Date: 11/12/2026
Notice
Summary
The U.S. Treasury’s OFAC just blocked the assets of certain companies linked to Iran’s digital currency sector, including 1380079 BC LTD and 2397639 ONTARIO LTD. From November 6, 2026, Americans can’t do business with these firms, freezing their U.S.-based property and interests. This move aims to tighten the financial squeeze on Iran’s economy and warns others about the risks of dealing with these entities.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
U.S. persons barred from dealing with named firms
On November 6, 2026, the Treasury Department’s Office of Foreign Assets Control (OFAC) added multiple firms (including 1380079 BC LTD and 2397639 ONTARIO LTD) to the Specially Designated Nationals (SDN) List. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Designations carry secondary sanctions risk
The notice marks several designated entities with 'Secondary sanctions risk: See Section 2 of E.O. 13902.' The entities are designated pursuant to Executive Order 13902 for operating in Iran’s digital asset sector, indicating there is a risk of secondary sanctions under that Executive Order for dealings with them.
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Key Dates
Department and Agencies
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