. We'll translate the text inside.
Let's translate:
First paragraph: "The U.S. Department of the Treasury has folded digital assets into its Iran sanctions program, naming the sector critical for enforcement under a campaign it calls Operation Economic Outcast. Under Executive Order 13902, any nation or person engaged with Iranian digital assets can now be hit with secondary sanctions — regardless of where they're located."
Translation: "Departemen Keuangan AS telah memasukkan aset digital ke dalam program sanksi Iran-nya, menetapkan sektor tersebut sebagai sektor kritis untuk penegakan hukum dalam kampanye yang disebut Operation Economic Outcast. Berdasarkan Perintah Eksekutif 13902, negara atau orang mana pun yang terlibat dengan aset digital Iran kini dapat dikenai sanksi sekunder — di mana pun mereka berada."
But we need to keep "U.S. Department of the Treasury" as proper noun? It says "The U.S. Department of the Treasury" - we can translate to "Departemen Keuangan AS" but it's a proper noun? Actually, it's a government department, so we can translate. But the instruction says "Keep proper nouns (names, company names) in original form" - so "U.S. Department of the Treasury" is a name, so we should keep it as is? But in Indonesian, we often translate. However, to be safe, we can keep "U.S. Department of the Treasury" as is, but then the rest of the sentence might be awkward. Alternatively, we can use "Departemen Keuangan AS" which is a common translation. Since it's a proper noun, we can keep the original English name. But the instruction says "Keep proper nouns (names, company names) in original form" - so we should keep "U.S. Department of the Treasury" as is. But then the sentence would be "U.S. Department of the Treasury telah memasukkan..." That's fine. However, in the original, it says "The U.S. Department of the Treasury" - we can keep "U.S. Department of the Treasury" without "The". Let's do that.
Also "Operation Economic Outcast" is a name, keep.
So first paragraph: "U.S. Department of the Treasury telah memasukkan aset digital ke dalam program sanksi Iran-nya, menetapkan sektor tersebut sebagai sektor kritis untuk penegakan hukum dalam kampanye yang disebut Operation Economic Outcast. Berdasarkan Perintah Eksekutif 13902, negara atau orang mana pun yang terlibat dengan aset digital Iran kini dapat dikenai sanksi sekunder — di mana pun mereka berada."
But "Perintah Eksekutif" is a translation of "Executive Order" - that's fine. We can keep "Executive Order 13902" as is? Actually, it's a specific order, so we can keep "Executive Order 13902" as is. But we can also translate to "Perintah Eksekutif 13902". Since it's a proper noun, we can keep the English. I'll keep "Executive Order 13902" as is.
So: "Berdasarkan Executive Order 13902, negara atau orang mana pun yang terlibat dengan aset digital Iran kini dapat dikenai sanksi sekunder — di mana pun mereka berada."
Now the h2: "What the designation does" -> "Apa yang dilakukan penetapan ini" or "Apa arti penetapan ini". We'll translate.
Next paragraph: "Adding digital assets to the list of critical sectors gives the Treasury a direct legal path to sanction businesses that handle Iranian crypto. The move puts the sector on the same footing as oil, shipping, and banking, which have long been subject to the order's reach."
Translation: "Menambahkan aset digital ke daftar sektor kritis memberi Treasury jalur hukum langsung untuk menjatuhkan sanksi kepada bisnis yang menangani kripto Iran. Langkah ini menempatkan sektor ini pada posisi yang sama dengan minyak, pelayaran, dan perbankan, yang telah lama tunduk pada jangkauan perintah tersebut."
We keep "Treasury" as is.
Next: "The change is procedural on paper, but the consequences are concrete. Once a sector is classified this way, the department can act against companies and individuals operating inside it — or enabling it — without needing to show a U.S. connection in the underlying transaction."
Translation: "Perubahan ini prosedural di atas kertas, tetapi konsekuensinya nyata. Begitu suatu sektor diklasifikasikan seperti ini, departemen dapat bertindak terhadap perusahaan dan individu yang beroperasi di dalamnya — atau yang memungkinkannya — tanpa perlu menunjukkan koneksi AS dalam transaksi yang mendasarinya."
We need to translate "U.S. connection" as "koneksi AS".
Next h2: "The global reach of EO 13902" -> "Jangkauan global dari EO 13902" or "Jangkauan global Executive Order 13902". We'll keep "EO 13902" as is.
Next paragraph: "Executive Order 13902 was written as a broad instrument. Its language covers any nation or person, and it doesn't require a U.S. footprint. That's the heart of the new risk. A crypto exchange, wallet service, or payment processor that touches Iranian digital assets is now exposed to sanctions even if no U.S. bank, citizen, or dollar moves through the deal."
Translation: "Executive Order 13902 ditulis sebagai instrumen yang luas. Bahasanya mencakup negara atau orang mana pun, dan tidak memerlukan jejak AS. Itulah inti dari risiko baru. Pertukaran kripto, layanan dompet, atau pemroses pembayaran yang menyentuh aset digital Iran kini terpapar sanksi bahkan jika tidak ada bank, warga negara, atau dolar AS yang bergerak dalam transaksi tersebut."
We need to be careful: "U.S. footprint" -> "jejak AS" or "kehadiran AS". "U.S. bank, citizen, or dollar" -> "bank, warga negara, atau dolar AS".
Next: "Secondary sanctions work by targeting the third parties — the middlemen abroad — who keep a sanctioned economy plugged into global finance. The threat is separation from the U.S. financial system, which is effectively the world's. For a foreign exchange or an international payments firm, that's an existential risk, not a paperwork headache."
Translation: "Sanksi sekunder bekerja dengan menargetkan pihak ketiga — perantara di luar negeri — yang menjaga ekonomi yang terkena sanksi tetap terhubung dengan keuangan global. Ancaman tersebut adalah pemisahan dari sistem keuangan AS, yang secara efektif adalah sistem keuangan dunia. Bagi bursa asing atau perusahaan pembayaran internasional, itu adalah risiko eksistensial, bukan sakit kepala administratif."
We need to translate "foreign exchange" as "bursa asing" (but it might mean "foreign exchange" as in currency exchange, but in context it's a crypto exchange? Actually it says "a foreign exchange" - could be "foreign exchange" meaning a currency exchange, but likely it's "a foreign exchange" as in an exchange outside the US. We'll translate as "bursa asing" or "pertukaran asing". I'll use "bursa asing".
Next h2: "What this means for the crypto industry" -> "Apa artinya ini bagi industri kripto"
Next paragraph: "Compliance teams now have to add Iranian digital assets to their screening checklists. That means watching for wallets, counterparties, and platforms tied to Iran's crypto economy — a task that is harder
