Washington DC, Aug. 7 -- The United States on Friday (local time) announced sanctions against six entities and one individual linked to what it described as Iran's illicit digital asset network, saying the measures were imposed following Iran's attacks on commercial vessels in the Strait of Hormuz earlier this week.

Announcing the move, US State Department Spokesperson Tommy Pigott said the sanctions target two major digital asset exchanges allegedly used by the Iranian regime to maintain international financial connectivity, along with the ringleader of a network of companies facilitating illicit digital asset activities and his firms operating across multiple jurisdictions.

"The Iranian regime launders billions of dollars by moving il...