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.
It seems to me these Iranians are based in Iran and trading in Bittrex, an American exchange based in the US. Do you think of the BTC confiscations has something to with the long-held U.S. economic sanctions against Iran?
Read more here,
https://news.bitcoin.com/btc-iranians-seized-us-government/