US sanctions crypto exchanges linked to Iran

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US sanctions crypto exchanges linked to Iran
Crypto

news.bloomberglaw.com

The United States expanded sanctions on Iran by blacklisting two cryptocurrency exchanges and penalizing several networks tied to the country's shadow-banking system, the Treasury said. Authorities say Iranians used those exchanges to evade sanctions via sprawling corporate structures and an extensive online gambling enterprise, and that the entities helped launder billions and supported the Islamic Revolutionary Guard Corps. Washington framed the measures as leverage in ongoing negotiations over the war. Immediate consequences include tighter pressure on channels used for sanctions evasion and potential disruption of cryptocurrency networks linked to Iran's financial operations.

Treasury blacklisted two crypto exchanges tied to Iran's sanctions evasion

Context

The United States increased pressure on Iran during ongoing negotiations over the war. The Treasury blacklisted crypto exchanges and penalized networks that U.S. officials said helped Iranians evade sanctions. Further designations or…

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